People who invest without leverage will win someday, because those people holds real coin or crypto.
And, those who trades on binance or bybit with leverage will get liquidated. Just like forex!!
It depends. Not all people who use leverage are not strategic enough. In fact, once these traders prefer to do leverage, they have reliable knowledge and experiences to do that, and not just some amateurs in town.
Getting liquidated is not surprising, it’s only on its amount varies. If you know exactly what you are doing, you can be liquidated today but you will always recover and even pile up your profits eventually.