The Hard Lesson of Real Money: How a Wallet Address Lost $3.24 Million

Recently, I came across a heartbreaking case. The owner of wallet address 0xa43d, within just 14 hours, because he was afraid of missing out on ETH's rally and rushed to buy in, ultimately lost $3.24 million.

The story is quite simple—he opened a long position at the ETH peak, going all-in. The market didn't follow the script, and the coin price started to retrace. After holding for 11 hours, he couldn't bear it anymore and took some profits to cut losses. This move directly wiped out $5.835 million.

Such operations are all too common in the industry. When the market rises, the urge to buy is strong, fearing missing out on wealth. But the market never changes direction just because of your FOMO.

Futures trading amplifies both gains and losses. If you get it right, you eat well; if wrong, you lose everything, even your bones.

Experienced traders understand one principle: opportunities are everywhere every day, but if your capital is gone, nothing remains. Instead of chasing the market to exhaustion, it's better to wait for a truly confident entry point.

Missing a wave of market movement isn't scary; what's scary is rushing in out of panic and blowing up your account.