2026-01-07 11:21:55

A big news has been circulating in the crypto circle recently— a well-known long position was liquidated for $1.689 million on BTC. Seeing this news, many people started to panic, leaving messages in the background asking "How long can the bull market last?" "Should I withdraw first?" Actually, this is not a sign of the end of the world, but it does warrant attention. Today, let's discuss the logic behind this wave of losses and how to avoid those fatal mistakes.

First, let's look at the complete chain of this liquidation. The popular long position holder is not a novice; he has played with high leverage before. By the end of December, he closed long positions on ETH, SOL, and other coins, exiting with a floating loss. Then he turned around and used 40x leverage to chase BTC. Not long after, BTC dropped over 3% from the high of $94,420, triggering the liquidation line, and the account of $1.689 million was wiped out. Behind this, there are several pitfalls that retail investors are most likely to fall into, which I summarize into three "warning lines."

The first pitfall is blindly following someone's judgment. Over the years, I've seen too many voices claiming to be "firmly bullish," only to turn around and cut the fans' grass. The so-called "faithful bulls" are essentially gambling with high leverage, not well-thought-out investment decisions. No one can always be right about the market; trading ultimately depends on one's own judgment. Copying others' strategies too blindly can easily lead to the next case of account zeroing.

The second pitfall is overconfidence in leverage. The $1.689 million loss this time was mainly caused by leverage. The market only declined slightly over a few days last week, but the entire market liquidated $440 million in long positions. These were retail investors chasing high and adding leverage, not expecting the market to turn so quickly. Leverage is like a double-edged sword; it amplifies gains but also magnifies risks. A slight fluctuation can wipe out your entire capital.

BTC-0,48%

ETH-0,86%

SOL-2,94%

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SnapshotDayLaborer

· 3h ago

Using 40x leverage to chase BTC, if this isn't gambling, what is? No wonder there's a liquidation.

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zkNoob

· 9h ago

40x leverage chasing BTC... Bro, this is just gambling, dropping 3% and you're wiped out instantly. Truly incredible. Copying big influencers' strategies is just a quick way to lose money.

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ChainMemeDealer

· 01-08 17:49

40x leverage chasing BTC drops 3% and it explodes directly. This is not a technical issue; it's a mindset issue.

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FallingLeaf

· 01-07 11:51

Leverage 40x to chase BTC, is this guy trying to get rich overnight or just tired of life... --- High leverage and chasing highs again, this combo should have been lessons learned long ago. --- Basically, it's gambler's mentality—getting jealous when others make money, ending up with the account wiped out. --- $1,689,000 just gone like that; leverage really is a double-edged sword—cutting both ways, cutting yourself. --- I just want to ask, a 3% dip can trigger 40x leverage—what about risk awareness? --- Following the herd blindly and believing in a bullish trend—this is what happens. If you’re clueless, don’t blame others for getting chopped. --- Reading this news makes me even more convinced—if you can avoid leverage, don’t use it. It’s too easy to go bankrupt.

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SleepyValidator

· 01-07 11:49

Leverage of 40x chasing BTC, drops 3% and gets liquidated immediately... That's why I never touch leverage no matter what. Where's the promised faith? Turns out I still got cut, lol.

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SolidityNewbie

· 01-07 11:49

Leverage 40x to chase BTC, isn't that gambling? Who's to blame? --- Another story of a big V cutting leeks, and fans are still shouting "Keep going!" --- A 3% drop led to liquidation. This leverage trading is really outrageous. --- Losing 1.68 million USD is gone; this is the result of high leverage. --- Chasing after bullishness? It's better to do your own research and be reliable. --- Leverage is truly a poison; it amplifies gains and losses. It's terrifying. --- Looking at news like this, I feel lucky I didn't play with leverage, avoiding a disaster. --- So, following big V's operations is basically suicide, you have to trust yourself. --- A long position of 440 million USD was liquidated, retail investors became the bagholders.

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GasFeeCry

· 01-07 11:47

Leverage of 40x chasing BTC, this guy is really brave—maybe a bit too brave. Look at his combo move: exit with unrealized losses and then go all in again, a classic gambler's mentality. Leverage is like that; when you're making money, it's an angel, but when you're losing, it turns into a devil. The $1,689,000 just disappeared. I just don't understand why you have to follow the big V's moves. When he makes money, you make money too; when he gets liquidated, you get unlucky. Who makes the trade, who loses? The key is that he only closed his position after a drop of just over 3%. His risk control ability is indeed lacking.

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BlockchainFries

· 01-07 11:45

Using 40x leverage to chase BTC, this guy is really brave, almost to the point of going all-in with his house.

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RetroHodler91

· 01-07 11:34

Leverage 40x to chase BTC, this guy is really brave, almost risking his whole family. --- Another "faithful bull" account wiped out, hilarious. With this, some people still copy homework. --- Leverage is truly devilish; a 3% drop can wipe you out instantly. It hurts to watch. --- Lost 1.689 million, luckily I didn't follow the trend. Better to stick to traditional investing. --- That's why I only watch and don't trade. Seeing the bullish traders get wrecked is more satisfying than making money. --- Always remember one thing: no one can consistently predict the market correctly, including those big influencers who boast every day. --- High leverage = high risk. How can some people still fail to understand such a simple principle? --- When I first saw this news, I was quite panicked. Now, after reading this analysis, I think it's just deserved, haha.

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FalseProfitProphet

· 01-07 11:28

Leverage 40x to chase BTC, this guy is really gambling with his life. A 3% drop and it's gone. Serves him right. --- Another "faithful bull" goes bankrupt. Fans should wake up and stop being fooled by these people. --- Leverage is a double-edged sword. How many times do I have to say it? People still end up killing themselves. Truly unbelievable. --- $1.68 million lost. That's the price of chasing highs. This kind of scene plays out in the crypto world every day. --- Copying others' operations leads to the fastest death. Anyone with a brain knows that. --- A 3% drop leads to full liquidation. What does that mean? It shows a complete lack of risk control awareness, just pure gambler mentality. --- People who are bullish all day turn around and cut the leeks. This trick has been seen many times. Next time, anyone who still believes is just a fool. --- $440 million in liquidation. Retail investors are all caught in it. Leverage really can destroy people.

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