I just saw a whale playing a very risky game with BTC. This address opened a short position on BTC with 40x leverage on the morning of February 28th when the BTC price was around $65,270, with the total position value reaching $34.3 million. Currently, it is "losing big" with an unrealized loss of about $230,000, with the liquidation level set at $84,200.

The interesting thing is that this whale is famous for always opening large short positions on major coins, and it also holds the largest short position on DASH on the chain. Its DASH position has recently decreased by more than half, but it still has an unrealized loss of about $4.1 million (581%) with an average price of $71.3.

Overall, this is a typical example of trend trading with high leverage — buying on uptrends, selling on downtrends, building positions gradually. But with 40x leverage like this, even a small movement can cause significant losses. I warn you, not everyone can play this game.