Recently, the big V circle in the crypto world has exploded again. As BTC breaks through 96,000 and ETH enters the crucial 3,300 mark, that legendary on-chain trader has once again become the focus.

According to the latest on-chain data, this big account's total profit has surged to $145 million. Even more crazy is that he now holds a long position in ETH worth $676 million, with unrealized gains on this position alone surpassing $36.96 million. Including other holdings, the total unrealized profit from this wave of market movement has approached $50 million — a number that ordinary people cannot imagine.

But what truly shocks people is not how much he has made, but the cost of maintaining these positions. To hold these positions, this big trader has paid a funding fee of $6.65 million — which is nearly 48 million RMB. In other words, he is burning money every day just to maintain his positions.

This is the trading game at the tens of millions of dollars level — every fluctuation is a test of real gold and silver. Some say they want to follow such big traders, but most people probably neither have the heart to withstand this pressure nor the wallet to bear this cost.