On the first day of December, the market taught a lesson to a certain brother.

The plunge at 8 AM directly pulled his ETH long position from a profitable state to liquidation. This guy was very confident a while ago and invested 1 million dollars, using high leverage, and at one point he had a floating profit of 2.08 million. As a result, when he woke up this morning, his account only had 360,000 left.

From doubling to halving and then to almost zero, it only took one morning.

Leverage is something that feels great when the market is rising, but it really shows no mercy when it falls. Especially with the volatility of ETH, a big bearish candle can wipe out the positions of many traders. The market is always more brutal than you imagine, especially when you think things are stable.

This round of operations is likely to make many people rethink the issue of position management. After all, no matter how good the numbers on the account look, if they are not cashed in, they are just illusions.