I just noticed a crazy activity by a large crypto whale associated with BIT. The man is sitting on paper profits close to $36 million from long trades with insane leverage on Bitcoin and Ethereum. This is seriously interesting — the whale has a 20x position on Bitcoin worth $51.97 million, and another 15x position on Ethereum worth about $165 million. The entry price for Bitcoin was around $68,420, and for Ethereum around $2,148.

What makes this really crazy is the size of the leverage. With 20x on Bitcoin and 15x on Ethereum, any small price movement translates into huge changes in profits and losses. A mere 1% move means a 15-20% change in equity. The collateral amounts are up to 120,000 ETH and 700 BTC — a massive amount of crypto at risk here.

The problem? The risk of liquidation is very real. If prices drop sharply, the platform automatically closes the position, and everything is over. Additionally, there are periodic funding fees that accumulate over time. The crypto market is insanely volatile, and one quick price move can turn these $36 million profits into instant losses.

What’s interesting is that this tells us something about market sentiment. This whale is betting heavily on Bitcoin and Ethereum rising in the medium term. But it also raises the risk levels in the market — when huge long positions are opened at this scale, analysts watch them as indicators of broader market sentiment. If a big liquidation happens, we could see short-term volatility affecting everyone.