I'd just taken my first sip of coffee this morning when a notification popped up on my phone— "Largest single liquidation: $13 million." My first reaction: Who could be so reckless? It turned out to be that old acquaintance, 0x93. 225 BTC liquidated, $14.7 million vanished. Honestly, if I lost that much, I'd probably shut down my phone and go to sleep that day. But he didn't. He immediately went long at 40x, chasing the price up. This kind of operation sent chills down my spine. Either he's incredibly confident. Or he's completely numb. The most dangerous state in the market isn't losing money, it's when emotions take over your account after you've lost it all.