Many newcomers entering the crypto space, the first thing they do is not learn risk control, but instead think: "How can I quickly turn my small starting capital into a fortune?" The result is a combination of full positions and high leverage, which directly sends them into an accelerated liquidation class.

**Leverage is hyped as a myth, but the reality is very cruel**

Many believe that 100x leverage can realize the dream of "turning a bicycle into a motorcycle." But what is the true picture of the trading market? Most of the time, it’s not a one-sided trend, but repeated oscillations and shakeouts. Even if your directional judgment is correct, a 5% fluctuation can instantly wipe out your margin. The market crash in October last year is a clear example—Bitcoin surged to $125,800 and then suddenly plummeted, with 100,000 traders liquidated within 24 hours, and the largest single loss reaching $7.37 million. Imagine that number. Leverage amplifies not profits, but the speed of losses.

**What kind of users does the exchange most "welcome"?**

Full positions, high leverage, frequent trading, stubbornly holding without stop-loss—these are the "model users" in the platform’s eyes. Why? Because every operation you make contributes trading fees, liquidity, and liquidation counterparty to the exchange. Some group chats even encourage newcomers to open high-leverage contracts, and once losses occur, they push for adding more positions, never mentioning risk warnings. The exchange’s logic is simple: they’re not afraid of you making money, but of you doing nothing. The more liquidation orders, the more market liquidity, and the more stable the platform’s revenue.

**What are the traders who survive doing?**

Those who can survive long-term in the market usually stick to these principles: keep each position within 2% of total funds, resolutely avoid high leverage, and set stop-losses without hesitation. They understand one thing— in the crypto market, staying alive is far more important than making quick money.