There has been quite a bit of activity in the community these days regarding the operations of "Mysterious Little K Zong." As a veteran who has been active in the crypto market for 9 years, I want to discuss this matter thoroughly from the perspectives of trading logic and risk control.

In the secondary market, especially in the highly volatile altcoins, keeping positions confidential has long been the consensus among seasoned traders. This is not some profound theory, but a practical survival rule. Not to mention holding millions of dollars in a position, even with a hundred thousand dollars' worth of layout, truly mature investors wouldn't be foolish enough to "show their cards" and reveal their holdings—first, to avoid targeted market sniping; second, to prevent their rhythm from being disrupted by external factors.

However, "Little K Zong," claiming to have 8 years of trading experience, does the opposite. Not only does he publicly disclose millions of dollars in altcoin positions, but even when facing a $5 million margin call and floating losses, he continues to resist liquidation and add margin. What kind of trading approach is this? Honestly, it's beyond outrageous—compared to the confusion of old hands, this is even more reckless and impulsive than a novice.

Looking at PIPPIN as an example. Spot trading might still have some room for market play, but futures trading? That’s stepping into a "long and short trap." In this market environment, leverage will infinitely amplify volatility risks. Whether going long or short, ultimately, there's no escape from being harvested.

At the end of the day, the market will never pay for "persona" or "public image." When encountering various "gurus" with high-profile operations, always stay alert. Independent judgment and safeguarding your wallet—that's the right way.