#数字货币市场回升 Another buddy has flipped in this round of market, talking about Ma Ji.

The plunge at 8 AM, I wonder if everyone felt its impact. Anyway, I took a solid hit — $ETH long positions were directly liquidated, and my account went from profit to deep loss in an instant. This feeling, those who understand, understand.

The story starts a few days ago. At that time, Maji was full of confidence and directly poured 1 million US dollars into the contract account. With continuous increases in his positions, his capital peaked at 2.08 million. At that time, looking at the candlestick chart, he was probably already calculating in his mind how to spend these profits.

The market can turn its back just like that.

The waterfall this morning came without warning, and the price fell like a kite with a broken string, in free fall. Maji's long position was stopped out in just a few minutes, triggering the liquidation mechanism. By the time he realized what happened, his account balance had shrunk to 360,000. From 2.08 million to 360,000, that's a drop that could be written into a textbook.

The cryptocurrency market never shows mercy; when prices rise, you are a genius, and when they fall, you’re not even given a chance to catch your breath. The pitfalls that Ma Ji fell into this time are ones that many have encountered: excessive leverage, frequent increases in positions, and not setting proper stop-loss orders. The moment unrealized gains turn into mere numbers on the balance sheet, many people forget about the risks involved.

$BTC and $ETH have indeed fluctuated greatly recently, but large fluctuations do not mean one can recklessly use leverage. The market will repeatedly educate those traders who ignore risks, and that is no exaggeration.