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.
You're wrong in saying that futures trading is based on luck and it's just like gambling, because that's not true; it only needs proper risk management. You can't blame the trading type only because people aren't able to manage their risks properly. Those who use large leverage without any idea what they are doing but only because they want to make more profit in a short period are basically gambling with their money, but this doesn't mean futures trading is like gambling. Futures trading is for experts, and newbies losing their money in it are the ones at fault.
I once read somewhere that a person lost above $1m in futures because he didn't place a stop-loss and when he woke up in the morning, the position was liquidated. The funny thing was that he had longed a meme coin, isn't that laughable? Now, this person lost his money because he was reckless and had no idea what he was doing, he only wanted to make as much money as possible, and he got served.