Account balances disappear day by day, and I understand it's very dangerous, but I just can't stop. After a liquidation, I swear to turn over a new leaf, but two weeks later I start trading again. You're not alone in this; almost all contract traders go through the same.

Actually, the market isn't targeting anyone; the problem is that you simply don't understand what you're playing with.

**That seemingly conservative position is actually extremely risky**

Platforms offering 5x, 10x leverage sound quite moderate, leading you to mistakenly believe everything is under control. Using 10,000 yuan as capital, tremblingly opening only 500 yuan positions, feeling good about it. But in reality? Holding multiple cryptocurrencies simultaneously, entering and exiting frequently, the real risk has long soared beyond your imagination.

Numbers don't lie — 10x leverage, a 10% opposite move and you're done; 100x leverage, a 1% dip and your principal disappears. Even more painfully, liquidity in the crypto market is far less than in traditional finance markets. Sometimes a $5 million trade can cause a 2% fluctuation, which means your seemingly stable 5x leverage can be wiped out in minutes by a sudden market spike.

Platforms won't proactively tell you these things; they want you to always think "I've got this under control," until one day when the market slightly dips, and you become the easiest prey. On August 8, 2025, the total liquidation amount across the entire network reached $313 million, and this is just the tip of the iceberg.