The community has been all over Brother Jima's story these past two days. His long position cards are fully revealed: 3,000 BTC longs at an average price of 86,000, 50,000 ETH longs, 500,000 SOL longs, with unrealized losses of tens of millions. The huge hole is out in the open, and the whole network is just waiting for him to be liquidated for entertainment.
Let's cool things down first: it's very hard for him to get liquidated. Three full positions, BTC liquidation price at 52,000, ETH at 1,800, SOL at 75, with billions in margin padding. Even if prices drop further, only net worth is hurt, the foundation remains intact.
Moreover, he is the one collecting money: a huge spot base, although the contracts are at a loss, he earns daily from short funding fees and loan interest, just the interest income alone has brought in tens of millions, bleeding less each day during sideways movement. The one in a hurry is definitely not the rent collector.
The real risk is not in leverage, but in the data. Non-farm payrolls and CPI are coming soon; if the data is too hot, rate cut expectations cool down, and longs face liquidity drain; if the data is soft, then it's the shorts' time to celebrate. Betting on him cutting losses is betting on which side the data supports.
Another detail: his longs are concentrated only in BTC, ETH, and SOL, avoiding the hot MEME. MEME has an independent market with very poor liquidity; he didn't join the hype, which shows clarity.
My view: don't expect him to break first; bullish requires capital cooperation. I only watch two things: daily volume holding above the upper range, and obvious volume increase on the right side. Until both happen, he's still collecting, and I absolutely won't take over his position.
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