On the first day of December, the market gave a certain trader a "practical lesson" worth 1.7 million dollars.

At 8 AM, the price of ETH suddenly plummeted. This trader's long position account was still dreaming in the warm bed of floating profits just a second ago, but the next second was slapped awake by the market—not only did the profits evaporate instantly, but the liquidation mechanism was also triggered.

Time rewinds a few days. He just injected 1 million USD into his account as margin, and with continuous increasing positions, the funds curve skyrocketed to 2.08 million. The thrill of doubling probably makes one feel euphoric, after all, the numbers on the account speak for themselves.

But the crypto market never shows mercy. This morning's correction came unexpectedly, and the account balance dropped like a dam opening, shrinking directly from 2.08 million to 360,000. This dramatic evaporation of wealth probably illustrates the weight of the words "high leverage" better than any textbook.

The market always educates the greedy with the most expensive tuition. When floating profits become numbers jumping in the account, it's easy for people to forget that risks are accumulating simultaneously. The core lesson of this case is simple: cognitive boundaries determine position limits, and emotional over-leveraging will ultimately come at a cost.

Real profits do not come from going all in and betting on direction; instead, they are built on an understanding of market rhythms and strict risk control discipline. Want to survive in this market? First, learn to respect volatility.

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