#比特币波动性 The on-chain whale who once made nearly $40 million shorting ASTER might be in trouble this time.

On-chain monitoring shows that his current ETH and XRP long positions are in extremely dangerous territory: ETH’s liquidation price is at $2,595, and the current price is only $120 higher; XRP’s liquidation price is $1.75, with only a $0.17 buffer at the current price. If the market pulls back even slightly, these heavily leveraged positions could be liquidated by the system at any moment.

What's even crazier is the timeline—over the past 11 days, this trader’s unrealized profits have plummeted from $61.88 million to $2.76 million, a 97% evaporation. The glorious record of perfectly timed trades is now overshadowed by a directional mistake that’s put him in a desperate situation.

Honestly, seeing this kind of trading really makes you think. No matter how strong a whale is, they can’t withstand the double blow of maxed-out leverage and being on the wrong side of the trade. The market never goes easy on you just because you made money before. His positions are like a tightrope suspended in midair—one small fluctuation in ETH or XRP and the whole situation could collapse instantly.

Ordinary traders need to be even more cautious. Don’t blindly follow whales just because they hold big positions, or you might end up being the stepping stone in this liquidation game. Risk management will always be more important than betting on the right direction.