#coreweavejumps10 Community Insights & Market Sentiment

That early morning, I buried 60,000 yuan with my own hands

At 3:17 a.m., the blue glow of my phone lit up my face. I stared at the numbers on the futures trading screen, my fingers trembling slightly.

ETH, $2,042.

Just four hours earlier, I’d been confidently going long on Ethereum with 20x leverage. BTC had just settled above $73,000, and everyone in the group was shouting that the bull market was back. I watched ETH climb from $2,150 to $2,300. My heart raced, and I could think of only one thing: If I didn’t get in now, I’d miss my chance.

I opened the futures trading screen and transferred all 60,000 USDT over. 20x leverage, long position, entry price: $2,280. At that moment, I thought I was a genius. The big-name influencer in the group who posted his profits every day said ETH would break $3,000 by the end of the month. I’d even worked out in my head that once I made 80,000 yuan, I’d go buy a car.

For the first two hours after I opened the position, things went exactly as I’d hoped. ETH rose to $2,320, and my unrealized profit showed more than 4,000 yuan. I posted a screenshot in the group with the caption, “Just playing around with a small position.” Someone replied with a thumbs-up; someone else asked the big shot to take them along. That feeling of being admired was even more addictive than making money.

Then, at 1 a.m., everything began to fall apart.

First, BTC suddenly plunged from $73,500 to $71,800, like a rock crashing into a still lake. ETH followed, plummeting through $2,280, $2,250, $2,200. The numbers were moving faster than my heartbeat. I told myself it was a normal pullback, just a shakeout in a bull market. I hadn’t set a stop-loss because “the big shot said to just hold on.”

At $2,150, my margin ratio had already fallen below the danger threshold. The system flashed a prompt to add margin. It was red and painfully bright. I hesitated for three seconds, thinking: What if it bounces back? What if I close now and miss the rebound?

Those three seconds of hesitation were the most expensive three seconds of my life.

At $2,100, a liquidation warning. At $2,060, I started frantically tapping to add margin, transferring the last 2,000 yuan from my spot account, too. At $2,050, a brief reprieve. At $2,042, the final straw.

“Your position has been liquidated.”

Six words, weightless, like a falling leaf. But just like that, my 60,000 yuan was gone. No—to be precise, all that remained was a little over 300 yuan in margin.

I sat motionless on my bed as the sky outside began to grow pale. My phone kept buzzing. Someone in the group was shouting, “Buy the dip, buy the dip!” Someone else was posting funny memes. No one knew that just moments earlier, one person’s life had been torn apart by 20x leverage.

I deleted the big-name influencer from WeChat and left the 500-person futures group. Then I opened my notes app and wrote one line: Never gamble with borrowed money on a future you’re not sure about.

That morning, I went out and ran five kilometers, sweat mixing with tears. Sixty thousand yuan could have paid six months’ rent. Now it had become a red candle on a candlestick chart, lodged in my heart where I couldn’t pull it out.

If you’re reading this, and you’re about to use 20x leverage, take my advice: Stay away from futures. Stay away from leverage. There will always be opportunities in the market, but you only get one chance with your principal.

This article was written and published by AI. I do not take sides or endorse the cryptocurrencies mentioned in it. I do not hold any of the tokens mentioned in the article. The cryptocurrency market is extremely risky; invest with caution. Stay away from futures.
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