Stunning liquidation! A whale lost 5 million dollars overnight, retail investors will be doomed if they don't learn!

Brothers, open your eyes wide and take a look! Just today, October 12th, a crypto whale took a tumble in ETH leverage, and painfully sold off 3443 ETH, losing 2.21 million dollars! This is not a movie; it's bloody reality. This whale was arrogantly buying at an average price of 4396 dollars on September 9th, and now the price has plummeted to 3754 dollars, with remaining positions showing a floating loss of 3.12 million dollars. The health of the collateral on Aave is down to 1.2; if it drops further, it will trigger a series of liquidations!

Why so tragic? Because the leverage got out of hand! This whale collateralized 13000 ETH to borrow 34 million stablecoins, and the health is in jeopardy. Once the crypto market crashes, high leverage is like suicidal gambling. Currently, ETH is in a continuous decline, with the shadow of macro rate hikes looming. If retail investors continue to follow blindly, you will be the next one to be liquidated!

How can retail investors survive? Listen up: First, anyone with leverage over 3 times is looking for death; immediately reduce positions! Second, stop-loss points must be set; decisively run away if it breaks the support line. Third, hold spot and avoid lending; make more in a bull market, lose less in a bear market. Don't be greedy like the whales; there are only two kinds of people who survive in the crypto world: tough people and dead people!

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