A classic pattern in the crypto market: first, raise $500 million from institutional funding. With ample ammunition, go directly for 50x leverage to short BTC. Before the market can react, take the opportunity to dump and sell your Bitcoin holdings. After waiting for profits to be realized, the market finally drops—then buy back at a lower price. A perfect cycle. This logic seems flawless, but very few can actually execute it. The scale of funds, market timing, and risk control—missing any one of these can lead to a failure. However, this does reflect some of the tactics used by large players in the crypto market.