#市场消息 The more losses, the braver! After losing $290,000 on a long BTC position, the whale is buying again for the ninth time, entering with $10 million at 40x leverage.

On-chain monitoring shows that a whale starting with 0x687 just briefly opened a BTC long position with 40x leverage, with a position size reaching $10 million, an average price of $68,563, and a liquidation price of $62,817.

More crucially—this is already the ninth time this address has chased a long BTC position recently!

And did you know? Just 10 hours ago, he closed a BTC long position with a loss of about $290,000. Less than half a day after losing that, he turned around and opened a long position with double the leverage, while also building a long position of $1.69 million in ETH.

This operation, I can only say four words: too much gambling nature.

With 40x leverage, a $10 million position, and a liquidation price less than $6,000 away from the current price. Just a normal correction in BTC could wipe out this $10 million directly. The previous loss of $290,000 didn't wake him up; instead, he became more aggressive with his losses.

Brothers, when we watch whale operations, we can learn about position management and risk control awareness, but never learn this kind of “increasing positions on losses, stubbornly chasing highs.”

Large funds have the ability to add margin and have unlimited bullets; what about you? How many times can your account withstand the fluctuations of 40x leverage?

Trading is not about who makes money faster, but about who survives longer. This kind of “ninth time chasing highs” strategy, even if you are right nine times, being wrong once means going to zero.

I will continue to track the movements of this address, and it is highly likely to show you a textbook-level liquidation case. Stay tuned if you want to see it, but never follow this kind of operation.

Preserve your principal, be a stable player, and don’t gamble your hard-earned money for that 1.4% floating profit.

Follow Da Chen for daily updates on first-hand news and in-depth analysis. Da Chen focuses on Ethereum and Bitcoin, as well as altcoin contract spot strategies, sharing only practical experiences that can survive in the market! #国际油价下跌