Seeing this whale’s moves, a classic line from “The Old Man and the Sea” suddenly popped into my head—you can destroy a man, but you can never defeat his will.

Something quite surreal happened on November 21. According to Hyperinsight monitoring data, a well-known whale account had just been hit hard by the market: their full-position 25x leveraged Ethereum long was liquidated, instantly wiping out $1.05 million. Normally, this is when most people would just lay low and reflect, right?

But instead, this person took the $14,900 left in their account and opened another 25x ETH long. Now they’re holding a position of 100 ETH, with a liquidation price set at $2,635. Watching this move brings up mixed feelings—is it admirable courage, or just recklessness?

That’s the crypto market for you: some people are once bitten, twice shy, while others get bolder after every setback. High-leverage trading is always playing with fire. Whether this move turns into a dramatic comeback or an accelerated downfall—only time and price swings will tell.