Recently, monitoring tools on the blockchain revealed an interesting phenomenon. A trader started with a principal of $20,000 at the beginning of the month, continuously rolling over positions to go long on BTC and PEPE. The account size surged to $620,000, with a peak of nearly $800,000 this morning—nominal holdings approaching $14 million. More importantly, the sub-addresses also achieved over 50% returns.

Looking at the specific on-chain operations makes it even clearer. This trader opened 40x leverage on BTC long positions and 10x on PEPE. The BTC long position currently has a floating profit of 52%, while PEPE's floating profit is 182%. This is not an isolated case but a signal—large funds are positioning, and leverage trading participation is significantly increasing, which usually indicates that market sentiment has been activated.

Another detail worth noting: on January 1st, this trader publicly predicted that PEPE's market cap could reach $69 billion by 2026 (currently around $2.8 billion), and stated that if the prediction was wrong, they would delete their account. Behind such a reputation-risking forecast, there is usually a logical basis rooted in their own research.

Combining on-chain fund flows and trading activity data, the logic that BTC will continue to strengthen and that meme tokens like PEPE have potential for a rebound is valid. The movements of smart money often reflect market rhythm in advance, and when large profits frequently appear from leverage trading, it’s usually the night before a market acceleration.