The crypto market is turbulent, and once leverage is opened, life and death are determined!

Hello everyone, I am Da Sheng Dian Jin, a senior player focused on market analysis. Today I saw an interesting piece of news: a big player dumped 1 million USDC on the Hyperliquid platform, directly using 20x leverage to go long on SOL, with a position size of 48,000 SOL, worth over 10 million US dollars. But the risk is not small—if the price of SOL falls below 195.19 USD, he will face liquidation.

To be honest, such high-leverage operations are like 'walking on a tightrope'; it’s quick to make money, but losses can be even harsher. I have seen too many examples of blindly using leverage and ending up with nothing, like during last year's LUNA crash, when many players faced liquidation overnight with 50x or 100x leverage, their accounts wiped clean. Although this 'whale' might be well-informed and experienced, the market is unpredictable, and black swans can appear out of nowhere. Even large funds can hardly avoid severe fluctuations completely.

What do you think? Will this big player achieve legendary success, or will it end in disappointment?

Let's discuss your views in the comments section, give a follow, and let's track the subsequent developments together!