A seasoned trader recently closed a 25x ETH long position, and the current unrealized profit has reached $275,000. Such large-scale liquidation actions by major players often trigger chain reactions—retail investors tend to follow suit and sell off, after all, seeing whales offloading makes many people uneasy.

From a market structure perspective, the reduction of high-leverage longs directly weakens the subsequent buying support, which is a signal for major cryptocurrencies like BTC and ETH. While it’s not necessarily an imminent crash, at least in the short term, market sentiment has shifted from optimism to caution. The next few days’ movements may be quite volatile, so investors should prepare in advance for risk management.