The myth of 14 consecutive wins has been shattered! An anonymous Whale on Hyperliquid told a heartbreaking story in 21 days:

In mid-October, starting with 5 million, I piled it up to a peak of 25.34 million dollars in my account using precise short-term trades and 8x leverage. 14 consecutive wins, making a profit on every trade, the best moment was when I held over 100 million dollars in positions.

But starting from October 29, the rhythm changed. He began to hedge against unfavorable positions, and as a result, when the market turned, he was forced to add margin. On October 31, he once lost 18 million, almost getting liquidated, but he didn't dare to cut the position——betting on a market rebound.

The rebound that was awaited did not come; instead, a more severe decline was experienced. On the night of November 4th, a stop-loss was directly executed, instantly wiping out the 20 days of earnings with a $15.65 million stop-loss order. At this point, he still had $148 million in positions hanging in the air, just 8% away from liquidation.

The most outrageous thing is that he didn't take a breath, but instead chose to double down at a desperate moment when he was only 4% away from liquidation—buying 2,196 ETH and 78,000 SOL. The price kept going down, and on the morning of November 5th, the account plummeted from $40.4 million to just $1.4 million in margin.

Back to before liberation in one night. $4.467 billion evaporated.

**Truth**: In the face of leverage, a winning streak is also an illusion. When you can't take profits during a win and double down during a loss, it's no longer a matter of trading skills — it's a matter of human nature.