A well-known KOL has once again put on a textbook example of a "bullish tragedy."

This minor ETH pullback directly pierced the carefully constructed profit tower he built—leaving only $42 until the liquidation line. Here’s what happened: with a $500,000 principal, he kept adding to his long position starting from $2,840. When ETH surged to $3,200 the day before yesterday, his account’s unrealized profits soared to $3.34 million—that feeling must have been euphoric.

But then came the problem. His rolling leverage strategy pushed the liquidation price all the way up to $3,000. As a result, a sharp drop in ETH in the early morning directly broke that level, triggering two consecutive forced liquidations. The $3.34 million evaporated into $730,000 in an instant, wiping out nearly all the profits.

This operation proves once again: playing high leverage in the crypto market is no different from walking a tightrope. One misstep, and everything you’ve earned goes right back. Not everyone can handle contracts like these.