Recently, the operation of a well-known big holder has ignited the entire circle. The unrealized loss has already reached tens of millions, yet this guy didn't choose to cut losses; instead, he opened a 10x leveraged long position to continue chasing. Is this a firm belief or a gambler's reckless move?

The data is right here: his Ethereum holdings have already exceeded 15,000 coins. Even more crazy, he’s still holding on with a 25x leverage position, with a total position size exceeding $13 million. Looking at this number, many people are holding their breath.

What can we learn from this move? First, daring to increase leverage despite obvious unrealized losses indicates that this big holder still has expectations for the bullish market. But the problem is straightforward—leverage is like a double-edged sword; confidence and risk are often just one candlestick apart. Even experts can get caught in a bull market, let alone leverage, which amplifies everything.

Movements like this from major holders often reflect the true attitude of market participants. But blindly following high leverage strategies will most likely lead to being liquidated. Instead of chasing these刺激 operations, it’s better to focus on projects with relatively rational volatility and genuine community support. Many Meme coins in the Ethereum ecosystem have been quite popular lately, with stronger community consensus and more manageable risk levels.

What do you think about this guy’s chances of turning things around? See you in the comments.