Recently, the crypto world has been quite active. A big player suddenly made a move, getting dumped with a short order of 240 million USD all at once, with BTC, ETH, SOL and other mainstream tokens all falling within the crosshairs, and the leverage on holdings directly pumped to 100% Full Position.

This is not a typical risk hedge. Looking at the situation, it's clear that they are betting that this rebound won't last. Retail investors are still shouting that a bull market is returning, while they are betting that this is just the last flicker of light. If the scale of capital entering the market is judged correctly, the situation for the bulls will be quite dire.

The key is that this whale's actions are fierce enough. A full position with a 100% holdings ratio means there is no room for maneuver; if the market moves in the opposite direction, the losses could be astronomical. But they clearly do not think so. They may have already figured out the tricks of short-term trends, or they have a solid grasp of the short order direction.

BTC is currently hovering at a critical position, with ETH and SOL also under pressure. If this wave is indeed a rebound reaching a peak, the subsequent drop could be quite dramatic. Small retail investors should be cautious if they are still chasing high prices, as the risks cannot be underestimated.

The market is always a game between large funds and small retail investors. This time, it's the turn of the bears to reveal their hand.