A trader with a $600 million long position in Ethereum was forcibly liquidated at $2,290. From a floating profit of $142 million to a loss of $128 million, a difference of $270 million.

This is not a movie; it happened in real life yesterday.
Ethereum plummeted from $2,600 to below $2,300 within 24 hours, a drop of over 15%. The entire market fell like dominoes, one after another.
But the most heartbreaking thing is not how much the price dropped, but the change in the mentality of leveraged traders.
In cryptocurrency, the most expensive thing is not Bitcoin, but human greed.
This Ethereum crash perfectly illustrates that saying.
That $600 million long position should have been closed when it was floating at $100 million profit. But human greed told him: it can still go up, it can make more money. As a result, from heaven to hell, all in one night.
What’s even more terrifying is that Trend Research under Yi Li Hua’s umbrella has a $445 million ETH collateral position on Aave, with a health factor dropping to 1.34. The extreme liquidation price is $1,558.
What does that mean? If Ethereum drops again to $1,558, billions of dollars will vanish into thin air.
I’ve seen too many stories like this. In 2018, a friend opened a 10x long position in Ethereum at $1,400, but Ethereum fell to $80, and his millions of assets were wiped out instantly.
During the Luna collapse in 2022, how many people went from multimillionaires to heavily in debt?
Now it’s 2026, and history always repeats itself in astonishing ways.
What makes me truly sad is that behind these huge losses are real people. They might be the breadwinner of a family, entrepreneurs who have been building their business for years, or young people full of hope for the future.
In just one night, dreams shattered, life reset.
So I want to say, the market can teach you a lot, but the most important lesson is: never gamble with money you can’t afford to lose.
Those showing off their profits on social media, those promoting leverage for wealth—they won’t tell you the stories of losers. Because losers no longer have a voice.
Will Ethereum rise again? Maybe. But the funds that were liquidated will never come back.
This is the cruelest reality of cryptocurrency: opportunity and risk coexist, but risk often comes faster and more fiercely than opportunity.
In this market, surviving is more important than making big money. #加密市场回调 $ETH