2025-12-23 20:15:20

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CryptoPhoenix

2025-12-22 20:20:16

On the day when Bitcoin fell by 16,000 yuan in a single day, nearly 3.7 billion yuan in funds was swallowed up in just a few hours. Some watched as a 30 million yuan contract was wiped out, and it was only at the moment of collapsing in front of the trading screen that they truly understood a saying: In the crypto world, making money and getting liquidated can sometimes be just a thought apart.

This market is never short of stories. Some people made a lifetime's salary in a day by trading Dogecoin, while others saw their account drop from 100,000 yuan to 180 yuan in just 20 minutes after buying Gorilla Coin. These extreme cases are not coincidences, but rather a daily occurrence in the high-leverage trading ecosystem.

The reason why contract trading attracts so many people can be summed up in one word: leverage. With a small amount of margin, one can leverage several times or even dozens of times the position, and this magnifying effect is like a drug in a bull market. At the beginning of the year, when Bitcoin was surging, many people saw daily returns exceeding the total salary of many years, and greed began to take over. They shifted from stable spot trading to high-leverage contracts, fantasizing about achieving financial freedom through this. This mentality is very common, whether it's those who are chasing Dogecoin or Shiba Inu coin, or those dreaming of turning their fortunes around with worthless coins, they all cannot escape the illusion of "high rewards with minimal investment."

But leverage is like a knife; the sharper the edge, the deeper the wound. It amplifies profits while simultaneously magnifying risks to the extreme. When getting liquidated, the "ten-thousand-point waterfall" of Bitcoin can come suddenly, and the despair of having your account funds wiped out in an instant is far heavier than the joy of making money. According to the Bank for International Settlements, 75% of cryptocurrency trading accounts face liquidation risks in contracts. This number is right in front of us; it should serve as a wake-up call.

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