Numbers can be deceiving, but positions always tell the truth. Recently, the hot topic across the entire network has been the news of a "whale floating亏损7300万" (floating loss of 73 million). Many people took it seriously, not realizing that this is just a surface phenomenon.

A 700 million position losing 10% is nothing to a whale. The key is their actions: not adding to their position for two days, just waiting for retail investors' panic sell-offs. Don't just look at the K-line; observe the game of chips—floating亏损 is just their cost, not a stop-loss point. What are they doing at this moment? Data shows that big whales are quietly absorbing 37 million USDC to sweep HYPE. What does this indicate? The truly smart money hasn't left the market; they are just switching tracks and narratives.

Here's a stark comparison. Whales losing a few thousand dollars can handle it, but you losing 30% might keep you awake at night. Never imitate their positions; learn their thinking logic. They have unlimited ammunition to add to their positions—do you? That’s why position management is a life-and-death line for retail investors.

The market is not short of opportunities; what’s missing is people who stay clear-headed during panic. Every decline is a touchstone—testing who is swimming裸 (naked), who truly has real gold and silver.

Don’t be scared out of the market by a whale’s short-term floating亏损, and don’t blindly follow the trend. During a decline, the most important thing is to see through the true flow of funds, then stick to your strategy. Losses are not scary; what’s scary is losing and not understanding why. Be a patient player, and when opportunities arise, strike decisively and steadily.