Many industry insiders are actually operating multiple accounts. The publicly visible holdings we see are just the tip of the iceberg. Just like someone monitoring certain big V's trades and then claiming "even presidential-level figures are losing money," such statements are overly naive. The exposed positions may not belong to them personally, and even if they do, they would have already earned back many times the profit elsewhere. So, a former trading expert is unlikely to make such a basic mistake. Those accounts that frequently get liquidated for hundreds of millions? There are many with even larger single-liquidation amounts than these big V's, and frankly, they are just carefully crafted illusions.

What should we be most wary of? It’s when a group of KOLs start collectively calling for a certain small coin to go long. Nine times out of ten, they’ve already received promotional fees from the project team. Once a collective opinion forms, retail investors follow the trend and rush in, and the main players start dumping. This script of cutting the leeks has been repeated countless times. What seems like enthusiastic discussion and recommendations are actually carefully orchestrated signals to harvest, so be cautious.