Millions-level 20x short raid on BTC, what is the giant whale betting on? While the market is still debating whether BTC can break through 110,000 USD, a 'whale' has raised its sickle, and on June 26, on-chain data exploded: a certain giant whale shorted BTC with a position of 10.77 million USD on Hyperliquid, using 20x leverage, with the opening price precisely pinned at 107733.6 USD!

This heavy blow from the short side instantly pierced the market nerves, and the powder keg of the long-short confrontation surged into the sky! What does the dangerous signal in on-chain data mean with 20x leverage? If BTC short-term rises by 10%, the short positions will be directly liquidated; conversely, if the market turns, the longs may also be crushed.

More deadly is: the giant whale chose to short at the critical resistance level of 107,000 USD, which is both a previous high dense trading area and the throat of the long side's attack. If the short position triggers a following trend, the selling pressure could spread like an avalanche, even triggering a chain liquidation, causing the market to instantly 'decapitate'!

News on the dark line: Panic or layout? The current market has never been isolated: expectations of a Federal Reserve interest rate cut are wavering, US tech stocks are pulling back from highs, and the crypto market has long been a 'startled bird'. Is the giant whale shorting out of genuine bearishness, or is it a 'trap to harvest shorts'? After all, the crypto circle is never short of the plot of 'whales smashing the market to accumulate positions', first creating panic with short positions, and then buying low to pump the market; this script has been repeated in history!

Survival rules for ordinary people: don’t be bound by emotions! The whale's actions are signals, not conclusions:

Longs: Beware of selling pressure at 107,000 USD, set stop losses and don’t hold on stubbornly; short players: Don’t believe in the 'leverage myth', 20x leverage has an extremely low tolerance rate, and a slight rebound could lead to liquidation.

Remember: The crypto space is always a battleground of longs and shorts, and every step of the whale is calculated. Want to track the on-chain dark battles and dissect the trading logic? Click to follow, and get real-time updates on whale movements! Let's discuss your judgment on BTC in the comments, the next round of surge or crash might just be hidden in our discussions!