246 million short nuclear bomb detonated! BTC and ETH are going to 'break their legs and fall' tonight?

The cryptocurrency market exploded with a massive short position in the dead of night! A mysterious whale spent 246 million dollars to short, with 40x leverage strangling BTC and 25x leverage bloodletting ETH, currently floating profit has soared past 1.09 million dollars! On-chain data has torn open a 'life-risking gamble', pushing the market towards the critical point of a long-short meat grinder.

The details of the short position hide a 'deadly signal': BTC battlefield: 1,400 short positions opened at a price of $106,808, with a market value of $150 million, 40x leverage means that if the price rises over 2.5%, it may trigger a liquidation; ETH battlefield: 40,000 short positions opened at a price of $2,454.91, with a market value of $96.89 million, with 25x leverage, a 4% drop will trigger forced liquidation.

The whale's willingness to use suicidal leverage to bet indicates 100% confidence in a short-term decline, but the cruelest rule of the crypto market is: the more extreme the bet, the easier it is to be harvested in the opposite direction. Refer to 2024 when BTC breaks 100,000, where hundreds of billions in short positions were crushed to smithereens.

In this gamble, no one can leave unscathed. The current floating profit of a million seems to favor the bears, but two major hidden dangers have already been buried: the transparency of whale positions gives the bulls a clear target to aim at; once BTC stabilizes above $107,000 and ETH recovers $2,460, high-leverage short positions will instantly face liquidation, triggering a liquidity tsunami of mutual destruction for both bulls and bears; macro hidden line games: fluctuating expectations of Fed interest rate cuts, dark currents of spot ETF funds, and even other whales' 'dark warehouse hunting', may all become black swans that break the balance.

Should we panic now? Or should we gamble more? In the short term: floating profits from short positions may stimulate trend-following shorts, and the market may fall into panic selling pressure; BTC/ETH may test support at $105,000 and $2,400; in the medium term: high-leverage short positions themselves are a ticking time bomb. If the bulls concentrate their efforts, this suicidal shorting will turn into fuel for the bulls to short squeeze, and the market reversal may be more violent than the decline.

Want to catch the signal fracture of long-short reversals? Want to predict the critical price point for whale liquidations? Click to follow and leave a message to get on board, let's discuss your views on life-risking leverage in the comments section. After all, in the crypto market, in the craziest bets, anyone could be the next prey or the last hunter.