The big players are making moves again. Just closed their position and immediately turned around to open a 40x leveraged long position of 10 BTC. The scale of this operation reached $952,000, with an average opening price of $95,220.5.

Looking at this pace, the short-term trading atmosphere is indeed intense. When whales use such high leverage, it usually indicates a clear judgment on the subsequent market trend—either they see a buying opportunity at the support level or they are testing market reactions. The $95k price range itself is a sensitive point; big players daring to add leverage here suggests that on-chain large funds are still relatively optimistic about the market. We will need to keep an eye on the changes in this position moving forward.