"25x Leverage Bet of 38.57 Million Dollars! ETH Bull Squad Dares to Enter Again, Will 2441 Dollars Trigger a Crash?"

Desperate Leverage Warning

This trader is betting 15,000 ETH (38.57 million dollars) with 25x leverage, with a liquidation price of only 2441 dollars (22% lower than the current price), equivalent to leveraging nearly 40 million positions with 1 million in capital, creating an extremely imbalanced risk-reward ratio.

Extreme Market Sentiment

Three days ago, after accurately going long and profiting 1.1 million, they again pursued high leverage, which may indicate that the main funds believe "the SEC's rejection of the ETH ETF has fully played out," but the retail investors' ratio of long to short contracts has soared to 3:1, leading to a sharp accumulation of risk.

Historical Script Repeats

In March 2024, a certain whale used 20x leverage to go long on BTC. After the liquidation line of 73,000 was breached, it triggered a chain liquidation on-chain, evaporating 120 million dollars in a single day—currently, the open contracts for ETH reach 12 billion; a crash could trigger an avalanche.