"Leverage is not a money printer, but a money shredder—last night another 'machine' broke its gears!"
Crime Scene: At 20:38 tonight, ETH suddenly plummeted. The whale "AguilaTrades"'s 21,000 ETH long position was liquidated, evaporating 4.68 million dollars in an instant—equivalent to burning down 30 apartments in Beijing, Shanghai, and Guangzhou in 3 seconds!
Remarkable Move: After cutting losses, this guy used the remaining 330,000 dollars in his account as ammunition, directly opening a 10 million dollar ETH long position (with over 30x leverage), betting on a rebound at 4565 dollars—gambling that it must bounce back tonight!
MiG's bold analysis:
This "double down on liquidation" strategy is reminiscent of the "bottom-fishing death squads" before Luna's cliff dive in 2021.
Remember: When the liquidation gun fires, the first bullet is never the last! Last year, Three Arrows Capital also played the "death margin call" game, and ended up turning from giants into ashes.
On-chain data doesn’t lie: His newly opened position has a fee rate as high as 0.1%/hour (annualized 876%!), this is no longer investment, it’s like using a lighter at a gas station to find a phone!
In a time of great change, how can one walk alone? The MiG ace team has assembled! No mad ambitious people need disturb!
