Alot of liquidations have happened in the last 24 to 48 hours though to sharp drop in the price of Bitcoin and other coins, those trading futures markets I mean the one gambling with the price of cryptocurrency we all know is based on luck but yes it happened most times and frequently trading positions get liquidated.
But the one that caught my attention the most is when an exchange users wrote a poetic statement about the bad side of trading but ye, from the screenshot he shared he shown an x25 position which to me and every other crypto traders is never going to work.
25x leverage is very high and this like gambling. I don't think more then 5x is good. People want to use futures trading like gambling. They think that the more leverage they use, the faster they can make profits. Thinking like this, they hit the liquidation price with high leverage. Normally, if the price of the coin goes down by 4%, the balance will be liquidated and if it goes up by 4%, there will be 2x profit. Doing this is like gambling. Liquidation can happen at any time here and double or multiple profits can happen at any time. These are nothing but madness.