Some advice:

Always stick to spot and don't touch leverage.

You'll see this often in a bull run where you see these short and strong liquidation events.

You know why?

When everything is going up lots of people fail to see the benefit of spot holding.

Why settle for a 2x when you can get a 5x in the same exact month? We are going up after all. Just enter a long contract right?

The problem? One small wick down (like 2 days ago) and either you get liquidated (account at 0$) or hit your stop loss.

A few days after? Position entirely bounced back and higher than it was before.

Leverage traders are wiped one however while spot is still sitting comfy.

Have rarely seen people truly making it with using leverage in this market. I have often however seen plenty of people make it trading spot in this market.

Wouldn't be the first dm I get on my account with the question:

"BitEagle, can you help me? I used leverage and got wiped out"

Learning lessons obviously but that won't make it any less painful ofcourse.

Again avoid it!