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#密码资产动态追踪 76 million USD evaporated overnight! How is this calculation made?
Yesterday, the market staged a big show. A leading whale account suffered a major loss on dual-currency contracts—both high-leverage positions in two different coins were liquidated simultaneously, and the account shrank by nearly 8 million USD in just 48 hours.
What happened?
It looks like this guy was playing a hedging strategy. Going long on one mainstream coin while shorting another, hoping to offset the risk. But the market didn't follow the script. Both positions got caught at the same time, with leverage cranked up, and in the end, not even the principal was preserved.
What lessons can we learn from this?
High leverage is like a double-edged sword. It doubles your gains when you're profitable, but accelerates your losses when you're not. Especially with complex multi-position setups, market volatility exceeding expectations can wipe out an account in minutes. Even big players can't escape this.
Looking at this case, the most heartbreaking part is: no matter how smart your trading strategy is, it can't beat a black swan event. Risk management is always the top priority. Control your positions, be cautious with leverage, and don't put all your fate on a single bet.