Liquidity is the crown of finance Everyone can actually feel the benefits of liquidity, and many people choose exchanges because of their good liquidity, and the essence of finance is actually the essence of liquidity. ------- Let's go back to yesterday's' 50 times leverage insider '@ HyperliquidX. People who are bored but interested should also go and check the on chain address, where all their operations are available. Let's discuss it directly from the beginning. Many people think that 'Insider Brother' should not have directly caused the contract to explode yesterday, but should have bet on the CPI data. If he pulls the market, he can earn more. Brothers, not only do they want to gamble themselves, but they also want others to help them gamble, which is worthy of what I said yesterday (https://(x.com)/hellosuoha/status/1899731118074818612). He actually wants to make some money with certainty, maybe he also thinks it will rise, and then he keeps opening multiple ETH orders. By the end, his position has already accounted for 10% of the total position, and he has encountered the problem of being unable to close the position. The inability to close positions mentioned here means that it is impossible to close positions with just one click. The bottom is already bottomless. If you are interested, you can go to several major exchanges to check the ETH contract order book. Don't set the minimum 10, just set the 100 level to see where you can hit 😂。 Pay close attention, it's 160000, not 16000. So the reason for choosing this place is because it has the best liquidity (able to directly take over positions), minimal margin removal, and allows for immediate withdrawal. In summary, there is only @ HyperliquidX. And this thing is not a bug, it has always existed, just like the "God mode". CEX does not allow users to be so awesome, DEX only allows users to be so awesome. So @ HyperliquidX's announcement did not prohibit such things, it only reduced the leverage ratio, adjusted the margin, and did not make any decisions to ban addresses or not withdraw funds. Here's the tip: Many centralized exchanges will have your account banned if you do this. Don't ask why you know, because group members who have done accounts are still in a banned state, and they can't withdraw funds. It's useless to withdraw funds without your KYC. After all, many people are saying that '50x Insider Brother' has been testing and understanding the rules of @ HyperliquidX, but don't forget, this time it only earned 180wu, while the previous trades earned over 1000wu. So the real profit from doing business is much less than from testing. What is this called? It's a blessing in disguise, and I can't even explain it. I think the only explanation is that this address can no longer be used, after all, everyone has too much emotion of following orders, and its position is also large enough. It cannot slowly close its position, and netizens are monitoring that it is running much faster than it. Using @ liangxihuigui, it can be said that I am currently taking orders with a position of several hundred million, and "50x Insider Brother" alone has leveraged several hundred million, not to mention the people who follow it. Today I read an article that was well written: Big Brother only drained the margin and did not choose to liquidate the position. He only allowed the position to drop by 2% and did not choose to ignite it himself. This way, even if the price rises, Big Brother can gradually release more margin. Of course, everyone only believes in what they believe in and is willing to identify with what they agree with, just like how all the money earned by "50x Insider Brother" before was for today's 180wu. Of course, it's better to give it a try. If you're bored, you can try HYPE, GMX, and Jupiter, which have similar assets. You can try small market value and low liquidity, and manipulate them yourself. At the end of the day, Big Brother realized that opening a position was easy, but closing it was difficult 🤣。