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ZEC dropped 8.5% today, and one whale on Hyperliquid learned a brutal lesson in trying to catch a falling knife.
They started buying from $649, kept adding all the way down to $620, using high leverage. The result? A direct liquidation of $1.48 million, ultimately walking away with an $86,000 loss.
This is the market humbling those who refuse to respect the trend. Trying to buy the dip with leverage during a one-sided downtrend isn't a strategy, it's gambling against momentum.
No matter how deep your pockets are, if the trend is against you, liquidation chains will eat through your capital.
My take remains the same: a decline doesn't mean we've found the bottom. Don't rush to add leverage. Survival always beats catching the bottom.
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