2025-12-14 21:21:00

Recently, there was a quite shocking case. An investor was very optimistic about Ethereum and boldly increased his 25x long position to $12.2 million, with an entry price of over $3,190. It sounds like he was using quite high leverage—the liquidation price was only around $3,056.

And then? On December 14, that drop directly triggered a forced liquidation. This guy started with $500,000 in principal, but in the end, he was left with just over a thousand dollars. In other words, 99.8% of his funds vanished in one night.

This is the true face of high-leverage contracts. While profits are amplified, so are risks. Market fluctuations of just a hundred dollars or so can be deadly. It’s not that you can’t play, but you need to think clearly: can you really withstand this volatility? Many people think they see through the market, but in reality, they are just gambling with the liquidation price.

For mainstream coins like $BTC, $ETH, $SOL, even if you’re optimistic, you should leave yourself a backup plan. Leverage isn’t about skill; it’s about mindset and risk management.

ETH-4.64%

BTC-2.25%

SOL-4.81%

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TokenStorm

· 18h ago

99.8% overnight loss, this liquidation price is set ridiculously high, it's really a gamble for survival. --- 25x leverage? It's not bravery, it's pure gambler's mentality. On-chain data already shows volatility risk, yet they still push forward. --- Looking at this case, I remember my own experience where I almost got wiped out by the same tactic. Luckily, I cut losses in time. --- No matter how perfect the technical analysis is, it can't withstand black swan events. A $12.2 million position should be diversified; you can't go all-in at the same liquidation price. --- This brother's risk factor is maxed out. The market moves just a hundred bucks, and he's wiped out. I feel anxious for him. --- Talking is useless; the key is controlling drawdown, not relying on technical analysis to gamble on who will be the last to exit. --- Starting with 500,000 and ending with just over a thousand—that's the truth of high leverage. There's nothing to argue about. --- I almost did the same thing yesterday. Luckily, I escaped before the storm hit; otherwise, I would be in the same situation now. --- On-chain data has long warned about this, but some people turn a blind eye and insist on gambling with the liquidation price. --- The cost of going all-in is like this. Believing doesn't mean you can gamble with your life; mindset and risk management are the real keys.

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MagicBean

· 12-16 15:06

500,000 gone overnight, this is the real risk management lesson... Playing with leverage is just gambling with your mindset.

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Degen4Breakfast

· 12-14 21:51

Another painful lesson, a 25x long position is really playing with fire.

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AirdropworkerZhang

· 12-14 21:51

500,000 gone in one night, this is the bottom line of leverage, I really can't afford to play

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StableBoi

· 12-14 21:50

Really, 99.8% lost in one night, this move is truly outrageous. Leverage is just a money-consuming thing.

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LiquidityWitch

· 12-14 21:49

honestly the liquidation sacrifice ritual never gets old... dude got transmuted into dust in one night lmao. 25x leverage is just asking the market gods to reclaim their tribute, no cap. position management? more like position cremation ceremony.

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StakeOrRegret

· 12-14 21:49

500,000 lost in one night, this is the price of greed. 25x leverage, truly dancing on the edge of a knife.

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GasDevourer

· 12-14 21:33

A loss of 500,000 in one night—this is the real horror story, not a ghost movie.

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SmartContractPlumber

· 12-14 21:25

Leverage of 25x to open a $12.2 million position, with a liquidation price only 134 dollars away—this guy is just playing with fire. But to be honest, such extreme cases are similar to reentrancy vulnerabilities in contract code; they are all consequences of poor fundamental risk control checks. People always think they can see through the market, but in reality, it's a failure of permission control, and there's no buffer left for risk.

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