A fresh #whale position just appeared on the radar, and the structure is unusually clean. The wallet is running a single concentrated long on $ASTER , sized at $3.20M with 5x leverage, stacked on an account value of $860K. The position is sitting at a -$173K unrealized loss, while the portfolio shows a - $714K weekly drawdown.

And here’s the cut —

despite the pressure, the wallet holds 100% long exposure with zero hedges. No offsetting shorts, no risk trims. When a trader lets a position bleed this far without exiting, it usually means one of two things: they’re either deeply trapped, or they’re betting on a reversal they believe the market hasn’t priced in yet.

The next volatility push will reveal which side this whale is really on.