#数字资产动态追踪 An investor has heavily bet on the crypto market: $19 million spread across BTC and PEPE, with the Bitcoin position using 40x leverage.

In terms of position size, this move is indeed aggressive. The Bitcoin holdings are substantial and currently profitable on paper, and the leveraged long position in PEPE also has unrealized gains. Combining these, the total position size is significant, and the overall risk exposure has increased—clearly betting on the recent market trend continuing upward.

But there's a practical issue that needs to be clarified: leverage is like a double-edged sword. It can amplify gains, but it also can multiply losses. A slight market reversal can quickly trigger liquidation risks for such highly leveraged positions, potentially resulting in losses exceeding the initial capital.

For most people, when losses keep piling up, the first thought shouldn't be how to turn things around, but how to survive. Enforcing stop-loss discipline and maintaining a reasonable position size are the keys to long-term survival in the crypto market. With such volatile market swings, greed is often the most expensive tuition.