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$40M Big Bet! Whale Bets on BTC and ETH with 20x Leverage
On-chain data shows that a whale has recently opened a high-leverage long position:
Using 20x leverage to go long on 17,257 Ethereum (ETH) and 516.42 Bitcoin (BTC), with a total position size of approximately $40 million.
Such high leverage means that both gains and risks are amplified simultaneously. For large funds, these kinds of operations are often based on judgments about short-term trends or key market turning points.
In the crypto market, whale actions often reflect market sentiment, but do not necessarily indicate a certain direction. High-leverage trading is essentially a precise game of market timing.
Every day, the market plays out bold and cautious confrontations.
Those who can sustain long-term are not the most aggressive, but those who know how to be brave in opportunities and restrained in risks.