Recently, on-chain activity has been frequent, and the actions of a major trader at a leading exchange have once again become the market focus.

According to on-chain data tracking, this seasoned trader completed a typical risk hedging operation yesterday. First, he quickly liquidated his long position in ZEC, locking in a profit of $6,256 — a very prudent move, demonstrating a clear awareness of timely profit-taking.

But the real highlight came afterward. After cashing out, he immediately shifted to the Ethereum market with a more aggressive approach: opening a 25x leverage position, deploying 9,000 ETH in one go! This decision reflects his strong confidence in the short-term ETH trend. According to real-time data, this position's floating profit has already reached $1.376 million, approaching tens of millions of RMB.

Simultaneously, he also held a 10x leveraged long position in HYPE, gaining a floating profit of $107,000. This quick in-and-out, gain-and-profit-taking rhythm was executed quite precisely.

What does this case illustrate? Large traders often follow two principles: one is risk management (exiting small tokens in time), and the other is opportunity capture (focusing heavily on more certain mainstream coins). However, it’s worth noting that such 25x leverage strategies require extremely strong mental resilience. Ordinary investors should carefully assess their risk tolerance. The market always tests human nature, and a prudent strategy is often more suitable for long-term participants.