This wave of operations by a well-known player in the circle is really thrilling - ETH long orders have already made a profit of $1.3 million.

It started two days ago. That liquidation lost $280,000, and he started over at $2,941.7 and threw in 100 ETH to test the waters. As a result, this buddy is completely stud gameplay, constantly increasing his position and snowballing, and now he holds 10,288 ETH in his hand, which is about $34.17 million at the market price, and the book has earned 1.3 million.

But this style of play is really dancing on the tip of a knife. He is now in a full position, and the available margin is directly restored to zero, and every time he increases his position, he pushes the liquidation price up. The liquidation line for ETH long orders is currently stuck at $3,211.8 - sound okay? In fact, there is only $110 left of the safety mat from the current price. If the market pulls back slightly by 3%, this position is dangerous.

What is even more distressing is the funding rate. The interest alone burned $15,039 in two days, which is still in the case of floating profits. If you spend a whole few days, the funding rate alone can grind people into doubt about life. High leverage can indeed amplify returns, but this kind of extreme operation with zero margin is really not a psychological pressure that ordinary people can bear.