The "Leverage Bungee Jump" of Retail Investors: A $400 Million Queue on the Rooftop

As Ethereum hits a new peak at $4,880, a group of brave traders engaging in leverage are performing "high diving." In just a few hours, $400 million seemed to be swallowed by a black hole, and the liquidation alarms on exchanges were livelier than firecrackers during the Spring Festival.

These "leverage warriors" are using an average of 100x leverage; with just a slight market sneeze, their accounts go straight to the ICU. The most unfortunate is the "Hyperliquid whale," who overnight staked $5.22 million as a ransom, playing out a real-life episode of "The Wolf of Wall Street."

This wave of operations can be described as "financial bungee jumping"—the rope is made of leverage spun by the retail investors themselves, and the referee is the market, that sly old fox. Some people are making a fortune, while many others are left with nothing but their underwear. It is advised that all "gamblers" read "To Live" three times before placing their next bet. After all, in the crypto space, living long is the true mark of a big shot; the stories of sudden wealth are just for listening, believing them means you lose!

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