#美联储降息 Large ETH positions on the cliff—another "leverage blood and tears drama"

Seeing someone try their luck again on the high leverage edge. 3875 ETH long positions, entry price $3191, liquidation price only $3053—meaning if the spot drops another 4%, this position will be wiped out.

Numbers tell the story: unrealized losses have already exceeded $300,000, weekly losses hit $1.55 million, and for the whole month, total losses reached $6.31 million. This isn't investing; it's throwing money into the fire.

What's the most ironic? This brother was liquidated once in October for the same reason. Back then, ETH's plunge took him out of the game entirely. Now? Not only has he not learned his lesson, but he's also added to his position and doubled down—history is about to repeat itself again—standing on the edge of a death spiral.

**Where are the three main problems:**
- Holding against market volatility with high leverage, one tremor is enough to wipe him out
- Chasing longs at high ETH prices, only to catch a flying knife and get stuck
- Thinking in a bull market but holding bear market positions, repeatedly stepping into traps without turning around

**Hard truths to face:** Everyone in the circle is the same. Wrong direction, even the big players are just grass. Position management and risk control systems are the bottom line for survival—more important than profit ranking. The market never distributes profits based on social status; it only recognizes whether you survive to the next wave.

$ETH Can he withstand this wave? Or will he experience a liquidation again? Share your thoughts in the comments—what's the most dangerous liquidation moment you've seen?