On-chain just revealed a high-stakes operation. A well-known trader suddenly re-emerged, opening a long position on BTC while holding ZEC and HYPE positions, with 40x leverage applied, only $23 million away from the stop-loss line. He is relying on this move to make a desperate turnaround.

This has gone beyond the realm of trading. Under 40x leverage, even minor fluctuations can trigger liquidation. It’s less of an investment and more of a heartbeat duel with the market — win big or lose everything.

What does a whale with high leverage mean? His liquidation line will become the focal point of market bulls and bears, easily causing sharp price swings. Such positions can be seen as extreme market sentiment indicators, but absolutely do not follow blindly — they are risk alarms, not secret formulas for wealth.

High leverage may seem like a shortcut to quick riches, but in reality, it’s a cliff leading to zero. Bull markets are full of opportunities, but ultimately, the market rewards those who survive until the end.

Our approach is simple: closely monitor large positions and key price battles, but more importantly, stick to your risk management bottom line. Market volatility often breeds the next opportunity, but only if you still have ammunition.

Don’t forget — on-chain high-stakes gambling is someone else’s story, while your principal is your ticket to participate in the bull market. Steady entry and staying in the game are always more worthwhile than a life-or-death gamble.

Stay alert, stay patient. The market cycles, but you don’t have to take such risks with your positions.