Brothers, something big has happened! Shocking news has come from the market – a well-known whale was forced to stop-loss last night, all 15x leveraged long positions were closed, resulting in a loss of $1.06 million!

The specific situation is as follows:
On October 28, a whale starting with 0x960 suddenly chose to cut losses after accumulating positions for 16 hours. Their ETH long position was closed at $4109, and the BTC long position was closed at $113900. A total nominal value of nearly $50 million in positions was completely cleared.

How did this tragedy happen?

Carefully observe his operation track:

  • First, deposit 3.72 million USDC into Hyperliquid

  • Establish a $27.7 million BTC long position

  • Establish a long position in ETH worth 20,300,000

  • Use 15x leverage for everything

As a result, the market trend did not meet expectations, and ultimately, I chose to exit at breakeven, transferring the remaining funds to the spot account.

What insights does this give us?

  1. Leverage is a double-edged sword
    15x leverage means that even a slight fluctuation can trigger a forced liquidation. Even well-funded whales can't withstand it, let alone ordinary retail investors.

  2. Stop-loss is wisdom
    Although losing 1,060,000 is painful, timely stop-loss preserved most of the principal. This teaches us a lesson: when it's time to cut losses, we must cut losses; stubbornly holding on may lead to even greater losses.

  3. Whales can also get the direction wrong
    Don't blindly follow the actions of large players. In the market, everyone is equal; even the largest funds can make mistakes in judgment.

What should we do now?

  • Control the leverage ratio, don't be greedy

  • Set reasonable stop-loss levels, and strictly enforce them

  • Leave enough margin to prevent sudden fluctuations

  • Pay more attention to spot trading, and avoid high-leverage contracts

Remember, surviving in this market is the most important thing. Whales lost 1,060,000 but can still switch to spot trading; if we lose everything, then we are really out.

Recommended reading:
(The deadly temptation of leveraged trading: How I lost 500,000 in a month)
(The secret to steady profits: Controlling position size is key)

This article is for market analysis only and does not constitute investment advice. The risks in digital currencies are extremely high, and you may lose all your principal.

#加密市场回调 $BNB