The recent market fluctuations have indeed been quite intense. Taking BDXN as an example, it has experienced a significant drop in a short period, and traders using 10x leverage were directly hit with losses exceeding 7x. Some seasoned traders anticipated this opportunity early on, publicly expressed their bearish outlook, and also analyzed their entry logic in private one-on-one discussions. The traders who followed up also took positions. The magnitude of this decline was truly exhilarating, and most of the followers are currently in floating losses.

From a macro perspective, the latest US core CPI data released was below market expectations, which often triggers a chain reaction in the crypto market. In such an environment, the risks of leveraged trading are greatly amplified. During market volatility, 10x or 20x leverage can indeed magnify gains, but it also accelerates your losses. The rapid decline of BDXN this time is the most straightforward example—sometimes it only takes a few hours from entry to liquidation.