During the recent market crash, #BTC made a sudden aggressive dump that caught many traders off guard.
A trader was holding a BTC long position, expecting a bounce, but the market reversed hard.
Coin: BTC
Margin Used: $28000
Leverage: 25x
Move: Sharp downside spike
Outcome: Liquidation
Total Loss: $28000 gone in minutes.
Lesson:
High leverage doesn’t forgive mistakes.