The legendary guy who made a fortune of $125,000 by going long on ETH staged another thrilling drama today. As the ETH price plummeted, part of his long position was liquidated, and his floating profit of up to $5.5 million instantly shrank to just $1.13 million.

This guy's story is simply a living textbook for risk education in the crypto market. From the myth of becoming rich overnight to the brink of liquidation, it only took a few days. This is the allure of leverage, as well as its terrifying aspect. It can take you to heaven, but it can also send you straight to hell.

His experience teaches us that the market is always right, and respecting the market and taking profits in time is more important than anything else. Looking at the floating profits in the account with self-satisfaction, a single correction could bring you back to square one. I hope this guy can hold on, and I also hope everyone can learn something from his story.