There are always some traders in the crypto world who define the boundaries of "survival" through extreme operations. Recently, on-chain data shows that a well-known high-leverage trader has still managed to survive—without liquidation.

This guy holds approximately 4,600 to 5,000 ETH in high-leverage long positions on the Hyperliquid platform, worth nearly $14 million. As of December 20, his account was in a floating profit state, with recent reports indicating floating gains between $200,000 and $270,000. Amid market volatility caused by factors like Japan's interest rate hikes, he has made several adjustments of reducing and increasing positions, and his current position has stabilized.

What's more interesting is that today, he posted a joking comment: "Even if I get liquidated, it won't shake my inner peace—I keep testing with my positions." This fully demonstrates his trading style—high risk, high volatility, and a steel-like mental toughness. Over the past few months, his account has experienced losses exceeding $20 million, with multiple liquidations, yet he continues to struggle and adapt in the market.

Here’s a serious warning: **Don’t try this at home.**

First, such operations are extreme tests akin to professional gamblers. Their capital size and risk tolerance are on a completely different level from ordinary people. Second, high leverage for retail traders is a "crushing machine"—a single correction can wipe out your account. This kind of approach should not be used as any investment reference.

With market volatility so high, the real lesson is to strictly adhere to risk management and survive longer. Instead of chasing short-term quick profits, think about how to stay alive in the next cycle. This trader’s story is actually a mirror of the extreme risks in the crypto space—not a secret to wealth, but a stark reality of "one slip and it's gone." What do you think of this trading style? What lessons should ordinary investors learn from it?