Not all though (I will explain). I don't know if you can remember a thread I created in the past when I was asking how come some "position traders" manages to hold their position for more than a week or months and even when price is so volatile, their possitions doesn't get liquidated.

I got some response like, "the traders uses a low leverage that is not up to 25x," That's actually true, some traders also continually top up their balance so that they don't get liquidated while some people don't top up but already have a very large balance such that their liquidation price will be very far.

For example, if I have a balance of $2000 and I took a long position with $1,900 on Bitcoin with 25x leverage when price was $119k, even before price drops to $115k I believe it will liquidate me,  

But if you had the same balance as me, and use the same 25x leverage but let say you only entered a long position with $50 and still have a balance of $1, 950, you liquidation price will be very far from mine.  So, I believe some people have enough large balance to bear the dip or surge of the market depending on the position they took.


But I strongly agree with you that 25x is way too high and very risky for any kind of trader, some people that sees themselves as pro traders that knows what they are doing are the ones that normally use high leverage.