This is a heart-stopping number: 36.4 million dollars, a single liquidation loss for a trader. When Ethereum broke below 4000 dollars, this unfortunate long position was completely liquidated. Even worse, his total loss has exceeded 45 million dollars.
But this is just the tip of the iceberg. Since this week, over 718 million dollars worth of Ethereum long contracts have been forcibly liquidated. The market is like a meat grinder, systematically clearing out those traders who took on excessive leverage. What is most concerning is that there is a huge liquidation cluster waiting between 2370 and 2500 dollars. If the price continues to fall, it could trigger a larger-scale chain liquidation.
This is the cruelty of leverage. When it rises, it makes you feel on top of the world; when it falls, it leads you to ruin. Every large-scale liquidation reminds us: in this market, surviving is more important than making quick money.
Those who have been liquidated may never return. And the market, after devouring these victims, may become healthier. It sounds cruel, but this is the survival law of the crypto market
