Recently, a large number of people are holding ETH positions, probably because they believe that the dawn is near 🌅. This includes many retail investors and crypto bloggers.
I’m not here to judge whether this is right or wrong — but I want to share a true story with you 👇
📌 Around September last year, an unknown retail investor had approximately 1.5 million USDT.
When Ethereum was trading above $4,000, 👉 he opened a $500,000 long position 👉 with 25x leverage
As the market kept falling, he continuously added more funds, managing to keep his liquidation price near $2,700
Eventually, he invested all his remaining capital
👉 pushing the liquidation price to around $2,400 He believed he was now safe 😌
❌ But this is where
things went wrong What he didn’t expect was that
👉 his 1 million+ USDT position
👉 appeared to be targeted by the major market players 🎯
The price kept dropping relentlessly.
Now, with ETH trading near $2,000, that retail investor has been completely wiped out 😔