#数字资产行情上升 【Trading Blood and Tears】Large traders lost nearly 8 million in two days. Why did the double-coin leveraged contracts crash?

Recently, another case has surfaced in the market: a whale used a dual-coin strategy on high-leverage contracts, going from 7.6 million to zero in just 48 hours, almost shocking everyone. This guy is definitely not a small retail investor; he’s clearly a trader with some capital, yet he still got wrecked.

What’s going on? The core issue is that the gap between leverage and risk is much smaller than anyone imagines. $BTC and $ETH have completely different volatility characteristics. Some think they can hedge by opening positions on both sides simultaneously, but in reality, a sharp market move can wipe out both positions. Especially on major exchange contract platforms like this, if position management is poor, higher leverage means faster death.

Reflecting on this case: seemingly profitable strategies are often the most likely to trigger liquidation. Successful traders know how to control risk and set stop-losses during rebounds, rather than blindly chasing highs. No matter how many market opportunities there are, keeping your principal alive is the top priority.