Many large traders operate in this way—the seemingly long positions are actually a smokescreen, and the real key moves are in the hedging accounts. Ordinary investors' logic simply can't execute such operations; pouring so much capital in without directly pumping the price indicates there are other strategies at play. Market participants always see only partial information; the true flow of funds and position layouts are often hidden deeper. The price fluctuations of major cryptocurrencies like BTC and ETH are driven by these complex hedging strategies behind the scenes.