It's really ironic, I spent a whole day losing 95% of my principal, with Ethereum hitting a low of 1411, I lost at 1450. Yet, in such a short time, I made over 50%, going from 48U to 78U.

Three reasons for this liquidation:

1. Heavy positions

2. Going long like a fool

3. The price of USDC against USDT keeps rising

To elaborate on the third point, Binance has been promoting no-fee USDC orders, which attracted many players to USDC trading pairs, and then the price of USDC was pushed up. When I was liquidated, the price of USDC was pushed up to 1.001, which also means that trading pairs like BTC/USDC would experience an additional layer of price fluctuation beyond the decline of BTC/USDT, compounded by leverage, resulting in a significantly substantial price range.

The evaluation is, it's a good cut.