2026-01-15 05:28:29

Another "bloodbath" in the crypto market is coming.

On January 15th, according to on-chain data monitoring platform, as the price of LIT dropped below $2, a major holder heavily invested in this coin directly got wrecked. This trader had opened a 3x leveraged long position, hoping for a price rebound, but the coin's price plummeted straight down—completely wiping out the position. The final unrealized loss was shocking: over $2.84 million. To put it another way, it's like losing a luxury house in a first-tier city.

Speaking of which, recent market volatility has been quite intense. As a small to mid-cap coin, LIT's liquidity is limited, and its resilience to drops is weak. Using leverage is like dancing on the edge of a knife. While 3x leverage may not seem extreme, in reality, a drop of about 30% or more would trigger a liquidation. The recent decline in LIT precisely hit the life-or-death line for all leveraged traders.

Netizens reacting to this news expressed various sentiments. Some said leverage is like a "wealth accelerator"—either propelling you to the sky or sending you to zero. Others joked: "I bet my youth on the future, and the market made me cry until dawn."

But there are also calm voices reminding everyone: currently, market sentiment is cautious, and the volatility of small-cap coins will only become more wild. Using leverage to bottom fish at this stage is basically handing your head to the opponent. Risk control should always come first.

LIT-5,01%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
6
Repost
Share

Comment

0/400

0xSoulless

· 7h ago

2.84 million just gone, luckily I didn't have that much money to lose --- Leverage, huh? Leverage is really a fast track to heaven or hell --- Adding leverage to small coins, isn't this just sending yourself to the gun? --- Another chosen one is born, congratulations to this brother --- I wonder who the hell still dares to buy the dip at this time, truly a brave warrior --- 3x leverage isn't extreme? I laughed, that's the definition of extreme --- Market: I just want to see who is the most greedy, then I’ll cut who --- Losing a luxury house worth 2.84 million, what kind of mentality is that? --- Risk control comes first, but 99% of people’s top priority is always greed --- When small and medium coins plunge, leveraged traders will have to be buried together

View OriginalReply0

LucidSleepwalker

· 7h ago

Here comes again, small coins with leverage. Isn't this just courting death? --- 2.84 million gone, oh my, how big must your heart be to play like this. --- 3x leverage hit the liquidation line, LIT this time is truly precision-guided. --- Wealth accelerator? I think this is just a bankruptcy accelerator. --- Bottom fishing, finally all bought at the floor, this market is really not for humans. --- Why are there still people daring to go long on small coins at this time? I really don't understand. --- 2.84 million... a first-tier luxury house, just gone like that, outrageous. --- Don't even mention 3x, playing with leverage now is basically a suicide operation. --- "I'm betting my youth on the future," but in the end, the market bets on you, and you still win the bet. --- Risk control always comes first? Humans just don't learn from their mistakes, next time will be the same.

View OriginalReply0

TaxEvader

· 7h ago

2.84 million just gone like that, oh my god, how much would you have to gamble to lose that much?

View OriginalReply0

AlphaBrain

· 7h ago

28.4 million just disappeared like that, so a 3x leverage is really just a P2P money-giving game.

View OriginalReply0

MeaninglessGwei

· 7h ago

It has to explode even at 3x, that's really amazing haha

View OriginalReply0

DaisyUnicorn

· 8h ago

2.84 million... How strong must this guy's heart be to keep going? I cried for him. Seeing the little flowers swaying in the wind again, why do some people insist on using a magnifying glass to look at the market? 3x leverage stepping on the life-and-death line, this rhythm, the market really is a question setter. Don't bother with tokens that have poor liquidity. Wait, am I also in this trap? DeFi liquidation self-rescue guide, first rule: don't let yourself become the person in the story.

View OriginalReply0