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Just 6 months, $74 million in real money, completely vanished into thin air! Can you believe this is the track record of a once-top whale? This guy spent the entire half year stubborn on Ethereum, going hard long with 25x leverage.
The entire process is basically the ultimate textbook for contract liquidations in crypto: every time it dropped, he held on to the bitter end, and when forced liquidation was imminent, he went crazy adding positions. Then he got liquidated repeatedly by dog whales, and he kept recharging his account... In the end, he managed to turn an astronomical account balance into just a few thousand dollars remaining. In half a year, over 500 million CNY—half a goal—just went down the drain.
This gambling mentality reached absolutely extreme levels, completely the behavior of someone who lost it all chasing losses. Honestly, I still don't understand what this guy was doing with these moves—don't know if he went in on emotion or was playing some high-dimensional game. But regardless, brothers, take this as a warning! With contracts, once the leverage gets too high and you're just holding positions, no matter how big a whale you are, you'll eventually become the market's fertilizer! Let's all learn from this—spot trading is king!
#以太坊合约