2025-12-16 07:00:25

#大户持仓变化 On-chain once again sees a wave of liquidations—major accounts' $22.9 million in equity vanished in an instant. According to on-chain data monitoring, a top trader's 25x leveraged ETH position was forcibly liquidated in extreme market conditions, and related coins like ZEC, ASTER also plummeted accordingly.

This is not the first time witnessing such a scenario. In the perpetual contract market, high leverage is like a double-edged sword—profits can come quickly, but losses can also wipe you out instantly. Even seasoned large traders with years of market experience find it difficult to fully avoid risks in the face of black swan events.

The key question is, what does this wave of liquidations actually reflect? Is it simply a failure of risk management, or another test of market liquidity? Many market participants are discussing: is high leverage trading an opportunity or a scythe? What’s your view?

ETH2,19%

ZEC4,74%

ASTER1,8%

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GhostAddressMiner

· 2025-12-17 22:48

$22.9 million disappeared in an instant... I had already traced this guy's original address, and the wallet flow is very suspicious.

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tx_or_didn't_happen

· 2025-12-17 20:04

25x leverage players have been liquidated again, this wave is truly the end. Some are still touting high leverage as an opportunity, I think they're just blowing bubbles. When this kind of market comes, even the most bullish big players can't hold up. Every time they say they will implement risk control, they turn around and go all in, really speechless. Is the scythe still an opportunity? I see only two words—gambler. This big player directly lost 22.9 million, how confident must they be to go so hard. Liquidation happens in an instant, this is the charm of perpetual contracts, haha. How to avoid a Black Swan? With 25x leverage, you simply can't. Thinking back to the last liquidation wave, it’s happening again, a cyclical scythe. Actually, true experts are already reducing leverage, still playing with 25x is just courting death.

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HypotheticalLiquidator

· 2025-12-16 07:27

$22.9 million just disappeared like that. 25x leverage is really just a gambler's playground. Once the health factor hits the risk control threshold, it's over. The dominoes of chain liquidation are already set up.

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OffchainWinner

· 2025-12-16 07:23

Still playing with 25x leverage? This is the price of greed. Even the biggest whales can't stop black swans.

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FadCatcher

· 2025-12-16 07:19

25x leverage players got liquidated, no surprise.

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SolidityJester

· 2025-12-16 07:15

25x leverage? Does this guy really want to get rich overnight or just want to experience a roller coaster...