The Night of Liquidation
At three in the morning, Ajie stared at his phone screen, his fingers trembling slightly.
He had shorted MET with 50x leverage, entering at 0.42. MET had just climbed from a little over 0.3, and he figured it had run out of steam. A pullback was inevitable. Someone in the group chat said, “The metaverse has been dead for ages,” and Ajie couldn’t agree more. He promptly opened a short position.
A 3,000 U margin was just a number to him. Last month, he’d made 12,000 by shorting MINA, and the rush was more addictive than anything else. He thought he’d found the secret to wealth. He thought the market was his personal ATM.
But tonight was different.
MET’s price seemed to catch fire, climbing from 0.38 all the way to 0.45. Ajie watched his unrealized losses grow from 200 to 800, then from 800 to 2,000. His heart pounded faster and faster. He kept refreshing the chart. Every green candle felt like a knife plunging into his heart.
“It can’t possibly go up this much. It has to pull back,” he told himself.
Then he saw the news: a major tech company had announced a metaverse partnership with MET. The price instantly surged to 0.462.
A liquidation warning popped up on his phone.
Ajie’s hand hovered over the screen. Add margin or close the position? He hesitated for a full ten seconds. In those ten seconds, MET surged past 0.45, and his liquidation price was breached.
A line of icy text appeared on the screen: Your position has been liquidated.
Three thousand U, gone.
He slumped in his chair. Dawn was breaking outside. His phone kept buzzing. Someone in the group chat was shouting, “MET is incredible!” while others posted screenshots of their long-position profits. He turned his phone over and laid it face down on the desk.
In that moment, he suddenly understood: the market never runs short of smart people. What it lacks are people who can keep their hands in check. 50x leverage isn’t a weapon; it’s a noose. He had tied it around himself with his own hands.
Ajie closed the trading app, lay on his bed, and stared at the ceiling. He still had a little over 2,000 U in his account—his living expenses for the month. He told himself he wouldn’t touch futures contracts again. At least not this month.
But he knew that the next time MET skyrocketed, he might open that app again.
That’s crypto for you. The one who wipes you out isn’t the market—it’s you.
#MET #合约爆仓 #Cryptocurrency
At three in the morning, Ajie stared at his phone screen, his fingers trembling slightly.
He had shorted MET with 50x leverage, entering at 0.42. MET had just climbed from a little over 0.3, and he figured it had run out of steam. A pullback was inevitable. Someone in the group chat said, “The metaverse has been dead for ages,” and Ajie couldn’t agree more. He promptly opened a short position.
A 3,000 U margin was just a number to him. Last month, he’d made 12,000 by shorting MINA, and the rush was more addictive than anything else. He thought he’d found the secret to wealth. He thought the market was his personal ATM.
But tonight was different.
MET’s price seemed to catch fire, climbing from 0.38 all the way to 0.45. Ajie watched his unrealized losses grow from 200 to 800, then from 800 to 2,000. His heart pounded faster and faster. He kept refreshing the chart. Every green candle felt like a knife plunging into his heart.
“It can’t possibly go up this much. It has to pull back,” he told himself.
Then he saw the news: a major tech company had announced a metaverse partnership with MET. The price instantly surged to 0.462.
A liquidation warning popped up on his phone.
Ajie’s hand hovered over the screen. Add margin or close the position? He hesitated for a full ten seconds. In those ten seconds, MET surged past 0.45, and his liquidation price was breached.
A line of icy text appeared on the screen: Your position has been liquidated.
Three thousand U, gone.
He slumped in his chair. Dawn was breaking outside. His phone kept buzzing. Someone in the group chat was shouting, “MET is incredible!” while others posted screenshots of their long-position profits. He turned his phone over and laid it face down on the desk.
In that moment, he suddenly understood: the market never runs short of smart people. What it lacks are people who can keep their hands in check. 50x leverage isn’t a weapon; it’s a noose. He had tied it around himself with his own hands.
Ajie closed the trading app, lay on his bed, and stared at the ceiling. He still had a little over 2,000 U in his account—his living expenses for the month. He told himself he wouldn’t touch futures contracts again. At least not this month.
But he knew that the next time MET skyrocketed, he might open that app again.
That’s crypto for you. The one who wipes you out isn’t the market—it’s you.
#MET #合约爆仓 #Cryptocurrency