Let this be a lesson on the dangers of leverage...
If you are using leverage, stop
Bitcoin and crypto are volatile enough without bringing in leverage.
Let this person's pain be a lesson for you:
(Source: https://x.com/TheBTCTherapist/status/1977487993402179756/photo/1)
I would never use more than 2x leverage personally.
It's way too dangerous, unless using funds you are ok losing.
Upvoted! Thank you for supporting witness @jswit.