2025-12-15 17:40:18

#大户持仓变化 Ethereum last night staged a thrilling bullish showdown. A major wallet executed extreme trades in just a few hours: first cutting 786 $ETH to stop loss, then rapidly increasing position to 3,900. This back-and-forth resulted in unrealized losses approaching $1.9 million—yet the large holder chose not to cut losses further, instead adding 1,250 more tokens as a supplement.

How great is the risk behind this move? The position is already nearing the $3,100 liquidation line; a drop below $3,042 could wipe out the entire position. The big holder’s capital deployment includes $2 million in spot hedging, combined with a $122 million 25x leveraged long position, making the overall position a market-level scale. If a liquidation is triggered, a chain reaction could impact the entire Ethereum futures market.

What exactly is this operation betting on?

Some see it as strategic—adding to positions against market panic, betting on a larger rebound. Others see it as a risk warning—a position of this size, with any extreme volatility, could trigger a stampede. The market is discussing a few possible scenarios: is it pre-positioning for a significant rally ahead, using this move to shake out and absorb orders, or simply leveraging to forcibly lower the average cost?

From a broader perspective, every move by large holders reflects their judgment of market direction. Recently, the Ethereum ecosystem has been shifting hotspots, and $BTC’s movements are also affecting overall sentiment. If this replenishment ends with a rebound, how many followers will regret not adding more at the same time? Conversely, if it triggers liquidations, how will the market absorb this shock?

The battle between bulls and bears has entered the most sensitive phase. What is your position plan?

ETH-0,18%

BTC-0,05%

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ForeverBuyingDips

· 2025-12-18 15:43

Damn, this big brother is really bold. Still daring to add more with a 1.9 million unrealized loss, how strong must his mental resilience be? Isn't this just betting on a market rebound? Either becoming a legend or a joke. 25x leverage hitting the liquidation line, I feel nervous for him. If it drops below 3042, it's game over. I just want to ask, how does the market absorb a position of this size when it gets liquidated? Could even us small retail investors get caught in the trap? Can't keep up with the pace of these big players; it's better to be honest and hold onto your assets. Really, big players just use money to gamble on probabilities. We retail investors end up losing everything. If his re-entry causes a rebound, how many people will regret it? This move looks like a shakeout to absorb liquidity, and when the rebound happens, they'll probably dump again. My plan is to lie low and watch the big players hurt each other.

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TheShibaWhisperer

· 2025-12-18 11:09

1.9 million unrealized loss, still dare to keep building? This guy is really ruthless. --- If 3042 triggers a liquidation, the entire market will shake. Who dares to buy the dip? --- Is this called a pattern? I think it's just gambler mentality—the highest level of cost spreading. --- Waiting to watch the show. If it rebounds, that's a divine move; if it blows up, it's a negative lesson. --- 25 times of 12.2 million? Just thinking about it makes my legs weak. How much psychological resilience does that require? --- Washed out the accumulation phase, still no tricks left. Anyway, I’ve run away. No more touching such big mines. --- Who can withstand the chain reaction of liquidation of such a position size? Market liquidity will evaporate instantly. --- Feeling a bit anxious but still want to follow. This mindset almost got me cut to the bone. --- Adding to the position against the trend—win, and you're a genius; lose, and you're a lunatic. No gray area in between. --- Spot hedging with 2 million USD leverage—this move is betting that BTC won't crash the market, right?

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GateUser-e51e87c7

· 2025-12-16 00:07

This big shot's mind is way too big. If I were floating at a loss of 1.9 million, I would have already lost sleep. Watching it, I feel nervous for him. Just waiting to see a rebound or a liquidation disaster. With such high leverage, it's really playing with fire. One wick and it's all gone. I'm just quietly observing. Movements of this level of position are too intense. Follow-the-market traders all have a leek mentality. I advise everyone not to imitate.

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SnapshotDayLaborer

· 2025-12-15 18:10

Damn, this leverage ratio is just a hair away from liquidation. This guy is really ruthless. You must be very confident in the rebound to go all in like this... But risking a floating loss of 1.9 million and still adding positions shows a truly strong mindset. I don't understand 25x leverage; it feels like gambling with your life. If you ask me, if this wave blows up, the entire market will follow as casualties. It might even trigger another big plunge. Just waiting to see what happens next—either a legendary turnaround or a bloody massacre.

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MetaReckt

· 2025-12-15 18:08

1.9 million unrealized loss still dare to continue adding? This guy is either a real gambler or a master of showing off. Wait, is this 25x leverage serious? An extreme fluctuation could wipe you out instantly. Isn't this playing with fire? Now just wait and see if he's a big smart or a big fool, odds are 50/50. What does the action of the big players indicate? It just shows they also don't know where ETH is headed, they are just throwing money around for fun. I've noted the 3042 level, I'll watch the show then.

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MidnightMEVeater

· 2025-12-15 18:07

Good morning, at 3 a.m. I saw this operation and just want to say—this guy is using $12.2 million leverage to do midnight arbitrage, truly dancing in a liquidity trap.

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TokenomicsTrapper

· 2025-12-15 17:59

watching this whale get liquidated would honestly be peak netflix energy rn

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GateUser-0717ab66

· 2025-12-15 17:59

This guy is probably gambling with red eyes, daring to add more positions with a floating loss of 1.9 million. How big must his heart be? The liquidation line is so close, he's really playing with fire—just one bearish candle away. Is he betting on a rebound or a shakeout? Who knows. Anyway, I wouldn't dare to take such a position. Let's wait and see the liquidation drama. If this size blows up, Ethereum futures will have to tremble. Damn, this operation looks really exciting. 25x leverage is truly crazy. Major players are betting on a rebound, retail traders are betting on major players getting liquidated—that's all there is to it. If I had that courage, I would have already become rich. Sadly, I don't have that fate.

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gm_or_ngmi

· 2025-12-15 17:41

$1.9 million unrealized loss still daring to add positions, this guy must be crazy or has seen something we haven't It's a gambling mentality, 3042 is wiped out, I can't eat when I see this price If this wave blows up and liquidates, even the entire futures market will be buried, retail investors, stay safe

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