The crypto market in 2024 has completed a massive "wealth reset" with a jaw-dropping set of data — according to Coinglass statistics, the total liquidation amount for the year reached 150 billion USD.

Looking at this number from a different perspective: it’s equivalent to 400-500 million USD in contract positions being forcibly liquidated every day. What does this mean? It means that continuous traders are being forced out of the market amid volatility.

Can you imagine? Just moments ago, they were calculating double-digit gains, and suddenly, a spike or a few points of breakdown causes a margin call, leading to liquidation and zeroing out the account. This is not an isolated case; it’s a story replayed every day.

The allure of contract trading lies in leverage amplifying gains, but the problem is — it also amplifies losses at the same speed. Without strict stop-loss discipline and risk awareness, even the smartest traders cannot escape this trap.

In essence, the 150 billion USD liquidation amount is an expensive market lesson. Whether you are a novice or a veteran, this tuition fee reminds us of one thing: respecting market volatility, controlling position sizes, and setting stop-losses are not conservatism but fundamental rules for survival in this market.

Have you experienced a margin call in 2024? Or, how did you manage to come out unscathed during this wave of liquidations?