Brother Ma Ji's overnight liquidation of 20.62 million! The ultimate alarm of high leverage
This morning, the top player Brother Ma Ji's high-leverage long position of $ETH was completely liquidated, resulting in a single loss of over 20 million USD. This is not only a personal tragedy but also the loudest alarm sounded by the market with real money.
💥 The core lesson from this liquidation:
1. Respect the market, without exception: Whether you are a ‘big shot’ with top resources and information, or an ordinary retail investor, in the face of systemic risks in the market, everyone is equal and vulnerable. High leverage is the enemy of all.
2. Liquidity is the lifeline: In a market characterized by continuous fluctuations and where liquidity may be instantly depleted, any position reliant on high leverage may be “precisely cleared” due to a normal fluctuation. You must leave enough room for survival.
3. Data is the only compass: This liquidation again proves that in a market driven by emotions, on-chain data (such as large positions and liquidation line distributions) is a more reliable leading indicator than any “feeling.”
🎯 What does this mean for us?
· This is not the end of the story: A large-scale liquidation often means that a portion of the most vulnerable leverage has been cleared, which may build a more solid emotional and price bottom for the market.
· But it is far from a call to charge: It reminds us that the market is far from a moment to mindlessly “all in.” True opportunities belong to those patient hunters who reserve ammunition and enforce strict risk control.
🛡️ What to do right now:
· Check your positions: Immediately review and reduce leverage, ensuring your stop-loss line is far from potential liquidation areas.
· Shift your mindset: Move from “How much can I earn” to “How much can I afford to lose at most.” The core task in a bear and volatile market is to “survive and accumulate chips,” not to show off skills.
· Look for opportunities from mispriced assets: When the market sells off quality assets due to panic, it is the time to gradually lay out cash for the next cycle.
Brother Ma Ji's 20 million tuition fee teaches us at least one thing: In this market, living long is a thousand times more important than making quick profits.
Does this liquidation make you more anxious, or does it show you the opportunities when others are fearful?
