In the early morning, the market movement shocked me into a cold sweat. A mysterious giant whale dumped 400 million to buy ETH long positions, with floating profits nearing 10 million! The comment section immediately exploded, with a group shouting, "The bull market is coming!" They couldn't wait to invest all their savings. Stop! Hold on! As someone who has been in the game for 8 years, I can responsibly say: this move is not a signal to give away money but rather bait set by the whale for retail investors, just waiting for you to take the hook!
Let me give new fans some background, old fans can skip straight to the good stuff: The "whales" in the crypto world are not ordinary tycoons; they hold not just money but also information that ordinary people cannot access. Take this recent event, for instance; I tracked his operations for nearly six months, and it was like having a "God's-eye view." Before the market took a nosedive in mid-October, he accurately dumped 500 million in short positions, and while retail investors were crying as they sold at a loss, he flipped his positions and made a huge profit of 100 million. Now he has turned around and plunged into ETH, appearing ready to explode the market.
Here comes the key point, content alert! Don’t just look at the scary scale of his positions; the key data hides some tricks: currently, his liquidation line for over 400 million contracts is stuck at $2234, while his reserved margin is as high as $52.5 million. What does this mean? Simply put, even if the market pulls back in the short term, he has enough funds to withstand it and can even short; but what about the following retail investors? Most are fully leveraged; once they hit the liquidation line, they will be forcibly liquidated, losing everything. Even more interestingly, a head of a well-known trading institution privately revealed that this whale address is linked to many large capital clients, likely involving complex funding logic behind the scenes.
To be honest, every time I see this kind of scene, I feel both angry and amused. Retail investors always think about 'following the whales for a sip of soup,' but forget that the whale's goal is never to drink soup; it's to turn the retail investors' capital into the 'main dish.' What 'random fluctuations' are there in the crypto market? The so-called ups and downs are merely scripts written in advance by whales based on policy trends and celebrity statements. Just like this time, the timing for the whales to act happened to coincide with several important news nodes, clearly using the information gap to conduct a 'dimensionality reduction strike.'
Surely someone is going to ask: Are we, the retail investors, just going to be at the mercy of others? Of course not! Remember this: even in the cracks of the whales, we can still dig out a path to survival. First, you must never go all in with leverage; this is equivalent to handing your fate over to others. Testing with a light position is the right way; second, you must set a stop-loss line; no matter how tempting the market is, always leave yourself a way out. Don't hold a 'let's gamble' mentality; finally, don’t blindly trust 'insider information' online, focus more on core data, and learn to analyze the situation yourself.
To be frank, making money in a bull market isn't real skill; being able to preserve your capital and earn small profits in the whales' 'harvesting game' is true ability. I've seen too many people follow whales' operations, make some small profits, and then get carried away, ultimately losing everything; I've also seen many people make steady progress, relying on rational analysis to establish themselves in the crypto space.
Finally, follow me! As an analyst who has been 'battling wits and courage' with whales for many years, I will dig into the 'pits' in the market every day and share practical operational techniques. The next time you encounter this kind of 'whale giving money' scenario, you'll know how to respond. By the way, how much do you think ETH will pull back this time? Let's chat about your views in the comments section and follow me @链上标哥 , so you won't get lost!
