What does it feel like to get liquidated with high leverage?

It's not a dull knife cutting meat; it's like being tied to the railroad tracks, watching a steamroller loaded with macro data, institutional sell-offs, and geopolitical tensions roll over you, leaving not even bones behind!

When Bitcoin dropped below $80,000, I still thought I was a genius. I stared at the candlestick chart, my mind full of dopamine-driven illusions. I shouted into the microphone in the voice channel: "Brothers! 200-week moving average! The big bottom in history! I'm going 100x leverage, full position long! Tonight a Porsche, tomorrow a Tang Dynasty mansion!"

I even already planned that after this wave doubles, I would pay back the borrowed money with interest, and the remaining funds would buy an island in the Maldives. The moment I pressed "Confirm Open Position," I felt like the Wolf of Wall Street, a master of the wealth code.

And then?

Then, the gates of hell opened.

No warning, no buffer. Ethereum plunged 10% outright, Dogecoin fell 8%. My screen was instantly filled with blinding blood-red.

When the first alert sounded, I thought it was just a normal market fluctuation. I even smiled, thinking "Just a dip, it'll bounce back soon."

"Ding! Ding! Ding!"

The alert turned into a relentless barrage of warnings. My phone was frantically vibrating on the desk, like a mad motor. I grabbed the phone in a panic, and the screen was full of forced liquidation notices from the exchange:

【Your BTC/USDT long position has been forcibly liquidated】
【Your ETH/USDT long position has been forcibly liquidated】

I watched helplessly as the system ruthlessly slammed my position to the buy side at market price. 100x leverage, my friend! That means just a 1% adverse move in price would wipe out my principal instantly!

During those deadly ten minutes, I could hear my heartbeat pounding like war drums in my ears. I could even imagine on the other side of the world, on Wall Street, those suited institutional traders sipping coffee, hitting the Enter key, pulling funds out of crypto to trade AI, waiting for SpaceX to go public. And I, like an ant under the wheels, was being crushed thoughtlessly.

No miracles, no V-shaped reversal, no needle to save the day.

I collapsed into my gaming chair, soaked in cold sweat, my stomach convulsing, even my breathing tinged with a bloody smell. I looked at the group chat where people still shouted "buy the dip," "faith," and suddenly thought—they're just like me yesterday, laughable and tragic.

Friend, don’t touch high leverage. In this meat grinder of a market, you think you're gambling, but you're actually delivering takeout to the house of the market maker. When you think "this time it’s going to work," the abyss has already opened its mouth, drooling, waiting for you to jump in.

Survival is more important than anything. $BTC $ETH