There is an interesting trading movement worth paying attention to on January 22nd. A major trader deposited 419,747 USDC last night and then increased their Ethereum long position this morning, with the total exposure surpassing $10 million.

The specific data looks quite crazy—the trader currently holds a 25x leveraged long position of 3333.8888 ETH, with a liquidation price set at $2940.71. In plain terms, the gap between this position and the current price leaves limited room for maneuver.

This move has sparked quite a bit of discussion. Some jokingly asked if this big guy's bullets are truly unlimited. From the data, it's clear he has a definite view on Ethereum's recent trend. Of course, such high-leverage longs are common betting methods in the crypto market—quick to profit, quick to lose.

Many traders are complaining that Ethereum's recent market action has been exhausting, but they still choose to hold on, as for many, it's like a first love—persistent and unwavering.