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Don't remind me again today

Web3Educator

2025-12-02 01:22:49

Recently, Hyperliquid has witnessed a textbook-level leverage disaster. A Large Investor got Liquidated 71 times within 30 days, with a direct evaporation of 44 million USD, averaging a loss of 1.47 million per day—his account balance once fell to 33,000 USD, which is even more tragic than the Wallet of an ordinary retail investor.

This guy's worst operation was going all in on ETH long positions, with a single floating loss exceeding 20 million, and he was humorously nicknamed "ETH ATM" across the internet. But the story isn't over yet.

On November 30, he suddenly liquidated all his ETH holdings and unexpectedly went all in on ZEC. With a principal of 30 million dollars and using 10x leverage, he directly placed the craziest bet in the history of privacy coins. The opening price was around 483, and the liquidation line was set at 395—meaning that if ZEC falls by 20%, this money would be completely wiped out.

Why is he betting on ZEC? The logic is actually very clear: with the ZEC halving approaching on December 6, the production cut will enhance scarcity; against the backdrop of tightening regulatory environments, the demand for privacy coins may be rising quietly; on-chain data shows that a mysterious institution has swept up 5,000 ZEC, indicating that someone is clearly positioning themselves.

There are only two outcomes. If he wins, ZEC will soar to an 800 million market cap, and he will earn 120 million, turning his fortunes around. If he loses, it will fall below 395 and Get Liquidated, with 30 million disappearing into thin air. He’ll probably have to post another "I still believe" essay on Twitter.

To be honest, this kind of play is a death sentence for retail investors. High leverage is already dangerous enough, and when combined with whale manipulation and the liquidity traps of privacy coins, getting liquidated is almost certain. Just because the numbers in large investors' accounts are astonishing, it doesn't mean you can afford to lose as they do. If you really want to participate in the market, first understand your own capabilities, and don't rush into others' games as cannon fodder.

ETH2.57%

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SignatureDenied

· 16h ago

Going all in on ZEC is really a gambler's mentality. With ten times leverage, a 20% fall means getting liquidated; this isn't trading, it's a suicidal bet. From ETH ATM to ZEC gambler, this guy is really addicted. 30 million all in on privacy coins, wake up, man. It's not that this guy is bad at trading, it's just that this kind of play is inherently a probability game. Large investors can afford to lose, but we retail investors don't even have the chance to lose. To be honest, what shocked me the most is that when he had only 33,000 left in his account, he still hadn't thought about stop loss. This isn't a dream; it's an obsession. The logic behind ZEC halving does have some merit, but betting on this with ten times leverage isn't called investing; it's called gambling. Hearing this story reminds me that leverage is like a drug; once you've used it, you really want to do it again. If that mysterious institution with 5000 ZEC really exists, how could small investors even see this opportunity?

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SchroedingerMiner

· 23h ago

44 million is gone, this is truly top-notch teaching material. --- 30 million all in ZEC with 10x leverage, this guy really wants to play with fire. --- Another "I still believe" is about to be born, the fate of a gambler. --- The Liquidity Trap of Privacy Coin is just a pit, don't get brainwashed by the Halving concept. --- Retail investors should recognize reality after hearing this story, don't think about turning things around. --- The title of ETH ATM is incredible, laughing until cramping. --- Leverage isn't about skill, it's about probability; if you lose the bet, this is the outcome. --- Why trust that there's a mysterious institution laying out strategies? On-chain data can also fabricate stories. --- After 71 liquidations, losing down to 33,000, how big must this account be? --- If ZEC falls 20%, it will completely drop to zero; this risk exposure is outrageous.

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AirdropHunterKing

· 12-02 05:09

Ah, this guy really treats leverage like an ATM, just giving away money. An all-in on ZEC at 10x leverage, almost got away clean, that really takes some guts. I've seen this kind of play when I was mining back in the day, and it never ended well. The key is that if retail investors watch these large investors play like this and try to imitate it, it's really a death sentence.

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SolidityJester

· 12-02 01:52

71 liquidations are indeed extreme, this guy really treats leverage like a chicken dinner game... Going all in on ZEC is even more extreme, 30 million with 10x leverage, isn’t this just a gambler's mentality? The only thing retail investors can learn is: don't touch this stuff. 30 million can turn into 33k, our principal directly becomes zero, bro... The logic of ZEC halving sounds reasonable, but in front of leverage, it’s just a piece of paper, liquidity is the real father. If this guy really turns his life around, I’ll live stream eating a keyboard. To put it bluntly, large investors have the capital to take risks, we don’t, don’t blindly follow. Holy shit, 44 million gone in a month, how long do I have to work... Actually, the most heart-wrenching thing isn’t losing money, it’s that he clearly knows the dangers of high leverage but is still playing... Anyway, I feel scared just watching stories like this, stable returns are appealing.

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BlockchainDecoder

· 12-02 01:50

According to research, this guy's operational logic exposes a classic problem from a technical perspective - excessive reliance on on-chain data while ignoring liquidity risks. It is worth noting that the market depth of ZEC itself has serious flaws, and 10x leverage in such an environment is no different from a casino.

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CryptoFortuneTeller

· 12-02 01:46

This guy is really ruthless, dropping from 44 million to 33,000, which can be considered a textbook lesson. But to be honest, using 10x leverage to go all in on ZEC feels like gambling with one's life.

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LazyDevMiner

· 12-02 01:45

71 liquidations and still dare to all in ZEC, this guy is really using his capital to teach me what the all-in spirit is. The halving logic for ZEC is correct, but playing privacy coins with 10x leverage is ridiculous, liquidity can just evaporate in a black swan event. Betting 30 million on a 20% fall to drop to zero, this is not trading, it’s gambling. Large investors can afford to lose, but retail investors cannot, don’t be blinded by the numbers in your account. From ETH ATM to ZEC gambler, this plot twist is really fucking amazing. I just want to know, if he gets liquidated again, how will he write the Twitter post? The final outcome for leveraged players is basically like this, it’s just a matter of time. The liquidity of privacy coins is so thin, it would be strange to run away with 10x leverage. If he wins, I will have faith, if he loses, it’s just another "I still believe" comedy. Don’t learn from this, everyone, 10x leverage on ZEC is a guaranteed way to die.

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LiquidityWizard

· 12-02 01:43

71 liquidations are really incredible, this guy has turned leverage into an art form. ZEC 10x leverage all in, this is not gambling, this is playing a life-and-death game with the market. 30 million all in a privacy coin, either a turnaround or drop to zero, I bet he will still have to tweet in the end. By the way, this kind of large investor teaches retail investors how to die every day, let's just watch the show. ETH ATM haha, the name is really fantastic. The halving logic of privacy coins sounds good, but can't withstand 10x leverage and liquidity traps. Let's not follow the trend, piling in means being cannon fodder.

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