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Michael 897
Michael 897
Together, the two positions total nearly 500,000 USD, 3.5 million RMB. At the 2560 price, they were completely taken out. With 20x leverage, ETH only needs to drop 5% for this kind of result. And ETH dropped from 2700 to 2560, exactly a 5% drop. See, the market doesn't need any black swan event, no epic crash, just a slight dip is enough for 20x leverage to liquidate people. He didn't even have a chance to hold on.

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