Extreme Leverage Risk: 100x BTC Move Needed for 118k% PnL

I translate your question: If someone piles into 100x leverage like BTC, how much would BTC need to rise for a PnL of 118,000%?

My stance is that using 100x leverage is exceptionally risky. Achieving a 118,000% net PnL relies on an enormous price move, which is highly unlikely within normal market conditions and can be wiped out quickly by funding costs, maintenance margins, and liquidation risks. In precise terms, a 118,000% PnL with 100x leverage implies a price move of about 1,180% (since PnL% ≈ leverage × price_move%). That would require BTC to jump roughly 12.8x from its current price, an extreme move not supported by typical market dynamics over short horizons. In practice, even with bullish setups, the risk of rapid liquidation and volatility decay makes such outcomes improbable and dangerous to pursue.