#香港稳定币监管框架 is this guy again, starting off December by contributing a textbook-level crash scene for everyone.

At 8 AM, the market unexpectedly took a nosedive. This guy's ETH long position was originally making money, but then the market suddenly plunged, and his unrealized profit instantly turned into a loss. The worst part was yet to come - it triggered a liquidation, and his account was forcefully closed.

A few days ago, he just splurged 1 million dollars to enter the market. He really has guts; after crazily increasing his position, his funds rolled up to 2.08 million, and the numbers on the account look quite beautiful. I estimate that by that time he was already figuring out how to spend this money.

But the market never shows mercy. This morning, with this drop, funds flowed out like a receding tide. What's the account balance now? 360,000. From 2,080,000 to 360,000, that's a drop worth a drink.

To be honest, the crypto market is just that realistic. It won't praise you when you make money, nor will it sympathize with you when you lose money. This crash once again proves: blindly leveraging and chasing highs while cutting losses will likely just result in paying tuition to the market.

Risk control is always more important than seizing opportunities. There are plenty of market opportunities, but once the principal is lost, it's truly gone. Everyone, take care and cherish what you have.

$BTC $ETH