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An active crypto trader's recent actions have attracted quite a bit of attention. According to on-chain data, this trader deposited 1.2 million USDC into Hyperliquid again 11 hours ago and immediately opened a 25x leveraged ETH long position, entry price at $2,925, liquidation price set at $2,721, with the current position size reaching $12.9 million.
From a financial performance perspective, this wallet is currently showing an unrealized loss of $42,000. More notably, over the past week, the account has accumulated losses of up to $3 million. In this context, the trader just experienced a forced liquidation of an ETH long position yesterday but still chose to continue going long today. This persistent trading attitude indeed sparks market discussion—some traders are even considering whether to follow the trades in reverse.
This case reflects the complexity of trading psychology and risk management in high-leverage trading environments. Continuous position building and not setting stop-losses often stem from overconfidence in market direction or psychological struggles. For observers, such publicly visible large trades serve as a window into analyzing the behavior of market participants.