#数字货币市场洞察 saw a pretty interesting case. Address 0xa43 recently made a big move on ETH.

This guy is currently holding a $63.22 million ETH long position, ranking firmly second on the long leaderboard at Hyperliquid. The average entry price is $2,950.23, and just the unrealized profit from this wave of longs has wiped out all the losses from 17 trades in the previous three days. Being able to pull off such a turnaround in a short period shows he really has a good grasp of the market rhythm.

But then again, the crypto market is unpredictable, and no one knows what will happen in the next second. ETH is always highly volatile—the unrealized profit today could easily turn into a loss tomorrow. 0xa43 has made a comeback this time, but whether he can maintain his profitability depends on his next moves and whether the market cooperates.

This case serves as a reminder to other traders: someone else making money is one thing; whether you can replicate it is another. Everyone has a different risk tolerance, amount of capital, and trading style. Chasing after others just because you see them getting in is the typical mindset of a retail trader.

With contract trading, especially with such large positions, even a slight mistake can lead to liquidation and a total loss. Before making decisions, it’s best to think clearly about your bottom line and how much loss you can handle. After all, the market won’t show mercy just because you’re desperate for a comeback.