#大户持仓动态 There’s another big move on the chain. This trader opened a 40x leveraged BTC long position, while simultaneously setting up 10x positions in ZEC and HYPE. They still need $23 million to be fully out of the hole. This move looks nothing but desperate.

The market gave a brief respite for a rebound, but they chose to go all in. It’s less of a trading strategy and more of a gamble—using extreme leverage to recover all at once. This mindset is understandable, but the cost is already written on the chart.

40x leverage amplifies everything. Slight market fluctuations can trigger forced liquidation. This isn’t trading anymore; it’s a dangerous gamble with market volatility. The last time they turned losses into gains might have been luck, but luck is something you use up with each try.

Such high-leverage whale positions are inherently short-term market focal points. Near the liquidation line, prices often get attracted, easily causing intense volatility. We can see it as an indicator to gauge market trends, but never use it as a reason to follow a trade.

Trading is fundamentally a marathon, not a sprint. High leverage may seem like a shortcut, but it’s often a trap. It’s fine to observe the excitement, but don’t get caught up yourself. Staying alive is the key to making money and waiting for the next market cycle.