Recently, many traders in the Ethereum contract market have experienced frequent cases of liquidation due to chasing longs, repeatedly adding positions, and ultimately being forced to close positions. Some traders, despite continuous losses on their ETH longs, still choose to add to their positions multiple times, only to be forcibly liquidated at $3,132—this increasing downward operation pattern is often a gamble on a rebound using one's own capital.

On the surface, a sharp decline may give the illusion of a "buying opportunity," but behind it often lies a liquidity trap. Currently, both Ethereum and the entire crypto market are in a high-volatility stage, and the risk of chasing orders far exceeds the risk tolerance of ordinary investors.

My advice to everyone is simple: don't be fooled by short-term false breakouts, and don't impulsively follow others' orders. There are plenty of market opportunities, but your capital is only one set—it's crucial to hold your money firmly in your own hands so that when real opportunities come, you have ammunition to strike. Rational position allocation, strict leverage control, and knowing when to exit are the secrets to lasting longer in the crypto space.