A veteran trader's mystery of losses

Today was yet another heartbreaking day of liquidation. This trader finally closed their ETH long position after holding it for over four days, but at a steep cost—an individual loss of $1.872 million. The account balance now stands at only $15,919.64, almost wiped out.

What’s even more striking is the underlying data. From a long position perspective, this is the sixth consecutive loss, with total losses approaching $2.49 million. On the Hyperliquid platform alone, the cumulative losses since May this year have reached $21.25 million—an astonishing figure.

Repeated negative returns and continuously shrinking account balances paint a sobering picture. The market always tests patience and strategy; words are insufficient in the face of data.