💰 Brother Majik's liquidation of 20.62 million! Leveraged play of $ETH resulted in overnight blood loss😱
On-chain news confirms that Brother Majik's ETH long position was liquidated early this morning, suffering a loss of over 20 million dollars since the big drop in October. Even big players couldn't escape this wave of cleansing, reminding the market once again: leverage is more ferocious than a tiger🐯
ETH has been oscillating repeatedly, with multiple highs and lows. This morning's drop directly triggered a chain liquidation. On-chain data shows that several large positions reached strong liquidation levels, causing market sentiment to panic at one point.
The more turbulent the market, the more we must respect the risks. Don’t just watch others feast; also recognize the brutal reality of leveraged liquidations. If large funds can't withstand it, smaller investors must strictly control their positions and set stop-losses📉
In the short term, ETH may see a corrective rebound, but until the trend stabilizes, it's better to watch more and act less; don’t easily use high leverage. If the green mountains remain, there’s no need to fear for firewood🔥
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