Another reason of the cause of liquidation is the use of high leverage. What leverage did the person used? Or if the person is trading highly volatile coins that he supposed to just gamble with.
Another reason is the lack of patience. Most traders wants to make money money as fast as possible but they will be losing because of the lack of patience.
Excellent point. I have noticed that more and more people are trading with high leverage. It's kind of a new trend to trade with 10-20x leverage which is nothing but gambling. People are sharing screenshots on X where they made $10k from just $200 with high leverage and new traders think this is an easy way to make money. It's absolutely NOT, because when someone earns $10k, there are 100s of traders who get liquidated.
Patience I'm not sure because having too much patience can be problematic too. Sticking with your trades is good but sticking just because you have an emotion with it, can lead to total liquidation.