Buddy's 25x ETH Long Position: Strategic Bet or Reckless Gamble?

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Citing 币界网, a trader known as Buddy has opened a 25x leveraged long position on Ethereum (ETH), with unrealized profits of $1.02 million as of November 10, 2025. The move has sparked debate over whether it represents a calculated strategy or a case of revenge trading, a behavioral finance phenomenon where traders increase risk to recover from prior losses. Market conditions remain volatile, with ETH trading in a tight range and low estimated leverage ratios, raising concerns about liquidity and potential cascading liquidations.

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