💥 The end of a South Korean trader's encryption career. Previously convinced that the "alt season" would come, South Korean trader NAMSEOKHEE opened more than 60 long orders on alts at once, and at one point a week ago had unrealized gains of 712,000 USD.

However, due to being overly confident in the market, choosing to stubbornly hold on without closing positions, the profitable trades one by one began to reverse, ultimately turning into losses.
Just now, he closed all his long orders, leaving only the last ENA position with unrealized gains of 109,000 USD. Overall account:
Cumulative return -43.45%
Total loss -113,777 USD
Win rate 29.22%
Maximum drawdown 97%
From "million profits" to "liquidation exit", it only took a few days.
⚡ The Warning of the Story
Not realizing profits = No matter how beautiful the unrealized gains are, if they are not locked in, they are ultimately just numbers.
Over-leveraging = high risk with 60+ alts, appearing to be diversified but actually highly correlated. Once the market reverses, all positions collapse together.
Faith cannot be a risk management strategy. "Strong alt season" is not risk management. The market will not change direction because of belief.
📌 Summarizing his entire life in the world of encryption is like a microcosm: 🚀 once glorious → 💰 firm belief → 💥 ultimately liquidated.
In the futures market, it's not the "smartest people" who can survive long-term, but rather the most disciplined ones.
👉 Do you think that this kind of "stubbornly holding on during the alt season" approach is courageous or foolish? Let's discuss in the comments. ###alt season#Is the alt season approaching?