#密码资产动态追踪 76 million USD evaporated overnight! How is this calculation made?



Yesterday, the market staged a big show. A leading whale account suffered a major loss on dual-currency contracts—both high-leverage positions in two different coins were liquidated simultaneously, and the account shrank by nearly 8 million USD in just 48 hours.

What happened?

It looks like this guy was playing a hedging strategy. Going long on one mainstream coin while shorting another, hoping to offset the risk. But the market didn't follow the script. Both positions got caught at the same time, with leverage cranked up, and in the end, not even the principal was preserved.

What lessons can we learn from this?

High leverage is like a double-edged sword. It doubles your gains when you're profitable, but accelerates your losses when you're not. Especially with complex multi-position setups, market volatility exceeding expectations can wipe out an account in minutes. Even big players can't escape this.

Looking at this case, the most heartbreaking part is: no matter how smart your trading strategy is, it can't beat a black swan event. Risk management is always the top priority. Control your positions, be cautious with leverage, and don't put all your fate on a single bet.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
TopBuyerForevervip
· 01-08 05:31
Another story of high leverage, this time dying even worse Who’s so awesome to lose 8 million overnight, even hedging can’t cover it, truly talented Leverage is such that when you make money, it’s exhilarating, but when you lose, it’s wiped out instantly, no middlemen By the way, we retail investors have already understood this long ago, big players have already hit rock bottom, what are we still playing contracts for?
View OriginalReply0
FloorSweepervip
· 01-08 05:28
Hedging can also lead to liquidation, unbelievable... Even big players are only at this level.
View OriginalReply0
SchrodingerAirdropvip
· 01-08 05:23
Another leverage liquidation drama... 8 million is gone just like that, this is the daily life in the crypto world. Speaking of which, it's really ironic that a hedging strategy backfired. I initially wanted to be stable, but ended up getting hit from both sides. Leverage is like poison; once you've tasted a little sweetness, you can't stop. I just want to ask, when will someone truly learn their lesson and stop playing with high leverage? Big fish can't even hold up, so us retail investors should just play it safe. Protecting your wallet is more important than anything else. Leverage is just leverage; your life is your own. Black swan events are truly unavoidable, but managing your positions is basic skill. This time, the loss was so severe, I need to rethink whether the strategy itself was flawed. Hedging, hedging, but in the end, it still resulted in losses. Truly incredible.
View OriginalReply0
CodeAuditQueenvip
· 01-08 05:22
In plain terms, it's a classic case of risk control failure... The hedging strategy itself is fine, but the problem is that no stop-loss threshold was set, and the leverage multiples were not subjected to rigorous stress testing. This guy's liquidation logic is probably riddled with vulnerabilities.
View OriginalReply0
TheMemefathervip
· 01-08 05:15
Is it the same old story? Hedging can't escape either; at the end of the day, it's still playing with fire using leverage.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • بالعربية
  • Português (Brasil)
  • 简体中文
  • English
  • Español
  • Français (Afrique)
  • Bahasa Indonesia
  • 日本語
  • Português (Portugal)
  • Русский
  • 繁體中文
  • Українська
  • Tiếng Việt