Whale bets 23x leverage on LINK! How to capture short-term opportunities under high volatility?

On-chain monitoring shows that the ‘Hyperliquid Whale’, known for its 50x leverage, has made another move, simultaneously betting on LINK long positions on both Hyperliquid and GMX platforms! It deposited 304,000 USDC with 23x leverage on GMX, with a total position reaching 6.91 million USD, opening at a price of 13.86 USD and a liquidation price of 13.33 USD.

Hyperliquid seems to sense risk, rapidly reducing the maximum leverage for LINK from 20x to 10x, which may indicate increased short-term price volatility. The current price of LINK is 13.83 USD, with the whale showing only a 0.02% unrealized loss, but below 13.33 USD, a chain liquidation will be triggered, possibly becoming a key point for a showdown between bulls and bears.

The whale's high leverage bet reflects a strong expectation for LINK's short-term breakout. If the price stabilizes above 14 USD, it may trigger follow-up buying. Aggressive traders can take small positions, closely monitoring a stop loss at 13.3 USD; conservatives are advised to observe the changes in market liquidity after platform leverage adjustments and position for a rebound on dips.