#Strategy加仓BTC Large BTC leverage trader's high-stakes gamble: 557 BTC position with 20x leverage, with a daily unrealized loss of $650,000

On-chain monitoring detected a large transaction: an address opened a 557.5 BTC long position with 20x leverage. Based on an entry price of $96,381.9, the single position exposure is approximately $53.46 million.

Currently, the unrealized loss on the books has reached $650,000, which is a significant amount evaporated in just half a day.

How extreme is the risk of this operation? A simple calculation makes it clear. With 20x leverage, even a 1% fluctuation in BTC price can cause a profit or loss of over $500,000 for this position. Currently, BTC is oscillating between $90,000 and $100,000, and any sharp volatility in either direction could trigger a liquidation. According to the risk logic of leveraged trading, the margin for error on this position is nearly exhausted.

From a trading perspective, this might be a short-term tactical bet by a large trader—speculating that BTC will break through the upper resistance level. However, this approach clearly puts all chips on market certainty. If the judgment is wrong, the consequences will be immediate and severe.

Currently, this address still maintains the full position, either holding firm against volatility and waiting for a rebound or gradually reducing the position in secret—only the large trader knows for sure. But what is certain is that large leveraged positions like this have become key on-chain monitoring targets, and their subsequent movements will influence many traders' nerves.