On November 25, a shocking news broke in the crypto circle - a well-known trader who had turned 3 million in capital into 30 million faced 31 consecutive liquidations on short orders for BTC and SOL, suffering a daily loss of 2.78 million USD. Even after urgently adding 440,000 in margin, half of the position was still liquidated, bringing the weekly accumulated losses to 15.37 million USD.

This rollover accident exposed three fatal problems:

**The market does not believe in "myths"**
When big players fail, it’s not just bad luck, it’s the market rules. Recently, BTC suddenly surged, and short orders were directly liquidated. The market can turn on you at any moment; even the strongest players must kneel when going against the trend. Regular players who only copy others' moves are likely to end up as bag holders.

**Leverage is a double-edged sword**
This trader had an impressive track record before, but this time he put all his chips on a short order, maxing out the leverage. When the market reversed, it blew up directly. Retail investors should remember one iron rule: don’t bet your fortune on the direction. Before placing an order, ask yourself - if I lose this money, can I still sleep at night? Position control is always more critical than catching a tenfold coin.

**Other people's experiences can't save you**
There are no constant victors in the crypto circle. Instead of staring at the big V's updates every day, it's better to solidly learn some basic knowledge of K-lines, indicators, and capital management. Making money relies on realizing your understanding; following the trend will only get you harvested like chives.

The market is always changing, but the rules of survival remain the same: control greed, maintain a steady mindset, and make independent judgments. What should be done now? Reduce leverage, hold cash, and wait for the right opportunity. A sharp drop in a bull market is normal, and a rebound in a bear market is also not surprising; those who survive until the end are the true winners.