In the cryptocurrency market, there are no eternal champions, only eternal greed! #eth突破4000
At 1:30 AM, the Ethereum market witnessed an epic liquidation— the once-mythical 'ETH God' with a 75% win rate was forcibly liquidated at a price of $4095, instantly evaporating $40.76 million from 10,000 ETH short positions. Even worse, this whale originally held a short position of 70,000 ETH, but after continuous liquidations and forced stop-losses, only 12,500 remain.
This mogul's story is a textbook example of a cautionary tale: opening a short on ETH on July 28, by August 3, he had paper profits of $12.25 million. But like all protagonists in tragic stories, he chose to 'keep adding to his position instead of taking the profit,' resulting in not only losing all his millions in profits but also incurring a loss of $19 million.
This case reveals the cruelest truth of leveraged trading:
No matter how high the win rate, it cannot withstand a single extreme market event.
Floating profits are just numbers; only cashing them in brings peace.
Rolling positions is like walking a tightrope; 99 successes can't make up for 1 failure.
It's worth noting that this 'God of War's' remaining 12,500 ETH short positions have a latest liquidation price of $4095. This means that if ETH continues to rise, we may soon witness a second wave of liquidations. The market always reminds us: in the cryptocurrency world, overconfidence often proves to be the most expensive luxury.
Remember, in this 24/7 market, there is no such thing as a perpetual winner. Those strategies that once made you money may eventually become your grave. Control your position and set stop-losses—these eight words are worth $40 million!
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