The update is here:

As soon as the market rebounded, @qwatio's high-leverage short positions were partially liquidated ——

BTC (40x), ETH (25x), SOL (20x), XRP (20x), all took a hit💥

Yesterday, he had a floating profit of $12 million,

Now it’s down to $1.3 million, evaporating nearly 90%.

This is the true reflection of high leverage: when you win, it’s glorious,

But when the wind changes, profits can vanish instantly, and you may even lose your principal.

When trading, it's not scary to earn slowly, it’s scary to lose quickly.

No matter how accurate or ruthless you are, a wave of correction can wipe you out.

Don’t gamble your principal for extreme returns,

Controlling risk is more important than predicting the market.