2025-12-26 05:20:33

#数字资产市场动态 Large holders' positions are shifting dramatically. What does this wave of liquidation signals mean?

A huge liquidation event just broke on-chain: a top wallet faced a series of margin calls on a leverage trading platform with 40x short positions, with a single liquidation amount of $14.14 million, and total liquidations surpassing $17.6 million. Strangely, after stop-loss, this trader immediately opened a new short position, still holding $7.1 million — and the liquidation price was very close to the current price. This is not a retail trader’s impulsive move; it’s a premeditated act of confrontation.

How do I see this?

**The battle between longs and shorts on-chain is getting fiercer**
Large traders repeatedly add shorts at high levels, indicating they don’t believe this rally is genuine and see it as a trap. But the series of liquidations also reveals a harsh reality — in the extreme volatility of digital assets, leverage is like dancing on a knife’s edge; any shock can knock you out. Short-term, aggressive, but fragile.

**Market sentiment is diverging**
Mass liquidation events often signal a turning point in sentiment. After shorts are flushed out, if the bulls’ buying momentum can’t keep up, the rebound will lose steam — a common pattern. If the long-short balance already tilts too optimistic, the probability of a short-term correction is rising.

**Key price levels to watch**
If BTC can hold above $89,000–$90,000 and volume picks up, breaking previous highs, the shorts’ logic will be completely shattered. But if it stalls around $90,200 (where the large trader’s new liquidation price is), a 4-hour correction could begin, with the first support around $85,000.

**My actual strategy**
Chasing the rally madly? No way. My plan is to sell some spot holdings in batches above $90,000, while quietly opening some low-leverage hedge shorts as insurance. If BTC drops below $88,200 (on the 4-hour moving average), risk control measures will be triggered immediately.

**Final words**
Large traders can keep battling, but we can’t afford to lose. On-chain data is just a tool; the real skill lies in your discipline and risk awareness.

Keep an eye on on-chain fund flows, don’t get swept away by market noise.

$BTC

BTC-1,67%

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DefiPlaybook

· 6h ago

Still daring to open a new short position immediately after a 40x liquidation? This guy is really crazy. I think I'll just play it safe and earn some APY from liquidity mining.

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PretendingToReadDocs

· 10h ago

Damn, this big investor is really fearless. They risked a liquidation of 17.6 million and still dared to open a new short position immediately. Their mental resilience is incredible.

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VitalikFanAccount

· 10h ago

$17.6 million just disappeared like that, this guy is really getting carried away --- The 9.02 price is too risky, getting stuck here definitely makes it easy to get liquidated --- Still daring to open short positions after a series of liquidations? Is this really gambling or is there another deeper meaning? --- Leverage is a double-edged sword; it’s great when you’re making money, but it’s even more painful than death when you’re losing --- The real problem is that the bullish buy orders can’t keep up; the current sentiment is indeed a bit crazy --- My risk awareness is: don’t chase the rally, hold spot positions steadily, and wait for the 85,000 opportunity --- The liquidation price for large traders is right at the current price, this move seems a bit suspicious --- Don’t be fooled by these liquidation news; the real money is in the hands of the holders --- The more liquidation events there are, the more leverage traders there are, which is not a good sign --- I just want to know how many shorts have been scared out by this series of liquidations

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GasFeeNightmare

· 10h ago

$17.6 million liquidation, then turned around and opened a $7.1 million short position. This guy is really bold, or maybe just a gambler's mentality. To be honest, I was already feeling heartache just looking at the gas fees. 2. Another chain reaction of liquidations, hedging insurance, after all, it's still a matter of probability of winning or losing. I chose to hide outside at 9 o'clock to avoid watching the K-line late at night and raising my blood pressure. 3. The $90,000 threshold is too critical. If it's broken, it's broken; getting stuck is the worst. Better to hide comfortably at 85K to avoid being emotionally shaken by wash trading. 4. I'm really annoyed by these big players' leverage tactics. I originally wanted to save on gas fees but had to monitor on-chain data. This accounting method is more costly than trading itself. 5. 40x shorts, in my eyes, are like dancing on the edge of a knife and then falling down. Low leverage hedging sounds safe, but in practice, it's a whole different story. 6. I think these big players are testing the waters with this move. Anyway, losing means big liquidation fees. We retail investors really can't afford to lose. 7. It seems this wave of emotional division is no joke. Bulls and bears are really fighting fiercely around 90K. Whoever surrenders first will die. 8. On-chain analysis is reliable, but execution is the real key. Without mental preparation, even if you see the right direction, you can still get caught.

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SleepyValidator

· 10h ago

Damn, this big player is really ruthless. They cleared 17.6 million and still dare to open a new position immediately. Their mental resilience is incredible...

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ContractBugHunter

· 10h ago

$17,600,000 liquidation, then opening another $7,100,000 short? This guy really wants to go head-to-head with the market, he's too ruthless. --- Honestly, these big players' operations look pretty scary, but we need to learn how to extract useful insights from them and not just follow blindly. --- Getting stuck at the 9.02 level might really break the deadlock. I'm waiting for this confirmation signal. When the time comes, we have to run if needed. --- Leverage is a double-edged sword; it feels great when you're winning, but a single loss can send you back home. Big players are no exception. --- The key is to stick to risk management discipline. Don't be scared into reckless operations by consecutive liquidations; that's actually the easiest time to get caught.

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RektButSmiling

· 10h ago

17.6 million liquidation still dares to open new positions instantly? This guy really isn’t afraid of death, I think he’s just throwing a tantrum. --- The big players are so persistent in shorting, which shows that some people really don’t believe in this rally, but getting caught in a chain of liquidations still looks pretty embarrassing. --- Getting stuck at the 9.02 price level, it really feels like a watershed; if it breaks higher, the bulls will win. --- I also don’t dare to chase the rally, so I’m reducing my positions in batches as insurance. Anyway, losing money is way more uncomfortable than making money. --- Just by looking at the liquidation scale, you can see what the market is doing—both longs and shorts want to make quick money. --- The key is that they still dare to open new short positions afterward. This mindset either means they have insider information or are just gambling. --- Leverage is really a dance on the edge of a knife; a single pullback can trap you, so it’s better to be more cautious.

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MEVSandwichVictim

· 10h ago

This big player is really ruthless, with $17.6 million evaporating directly. Still daring to open new short positions instantly? I'm truly impressed.

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