At the moment of a significant market decline, someone always makes a bold move amid everyone's panic.

When Bitcoin's price rapidly dropped to around $86,302, on-chain data captured a shocking transaction. A trader used 3x leverage to instantly open a $86 million Bitcoin long position. This was not a small test, but a serious bet with real money.

Who is this trader? The data provides the answer. In the past 30 days, this account achieved a return of 68.86%, with a total profit of $17 million. This is far from the typical retail trader’s approach.

More importantly, the risk control details are noteworthy. The liquidation price was set at $57,534, providing nearly $30,000 buffer from the entry point. Such a highly conservative risk management setup indicates this is not short-term gambling but a long-term bullish strategy on the subsequent market trend.

Contrary to market panic, taking a heavy position at the deepest point suggests two possibilities: one, possessing critical unknown market information; two, having absolute confidence in the $86,000 level—believing it is the bottom support.

This transaction ignited the market. Is it a whale signaling a bottom with positive intent? Or will it turn out to be another failed attempt? The market is waiting for an answer. A trader’s bet often reflects the overall market’s changing expectations.