#香港虚拟资产稳定币监管框架 When you complain that your account has lost a few points again, why not take a look at this pro's Waterloo—the cost of always being in a Full Position and going long.

In early August last year, a PUMP long position evaporated $7.76 million in one day, along with an additional loss of $2.18 million in spot trading. The originally $26 million profit instantly shrank to $3.8 million, with a single-day drawdown of 85%. This was just an appetizer.

On October 11, two months later, the 25x leverage long position of ETH triggered liquidation, igniting a chain collapse. In just 22 days, the account went from a floating profit of 44.5 million USD to a direct loss of 10.6 million in principal. Among the worst two trades: the XPL long position ( opened at a price of 1.4 USD ) lost 18 million, and the ETH long position cut 12.56 million.

On October 23, ETH positions were completely liquidated, resulting in a loss of 1.57 million. But the pro was undeterred and immediately re-opened a 25x leverage position to continue gambling—typical "I just don’t believe in bad luck" operation.

By the end of November, the position had shrunk to only 1 ETH( worth 2840 dollars), with total account losses fixed at 18.56 million dollars. In just one month, 6.8 million was burned.

$ETH This operation can be regarded as a textbook example of the risks of leveraged trading.