Quad-Short ETH Whale Nearly Liquidated Despite Adding Collateral

I experienced a close call with liquidation while holding a large $14,000 ETH position as a quad-short whale. My initial liquidation point was at $3699, but after I added more collateral, this threshold was raised to $3724, providing a bit more cushion. With a 75% win rate, my strategy has generally been successful, yet the proximity to liquidation underscores the inherent risk involved in leverage trading with such significant ETH reserves. The slight increase in the liquidation price after adding collateral highlights the importance of managing collateral levels carefully in high-stakes crypto trading, especially during volatile market conditions. Maintaining a margin buffer is crucial to avoid forced liquidations, which could result in substantial losses. This particular scenario demonstrates the delicate balance between leverage, collateral, and market volatility, especially within the Ethereum crypto space where prices can fluctuate significantly. Given the current situation, it's essential for traders like me to regularly monitor ETH price movements and adjust collateral accordingly. Employing risk management strategies such as setting stop-loss orders and diversifying positions can help mitigate the chances of liquidation. Remaining cautious and proactive in managing leverage positions will be vital to sustain profitability and reduce exposure to sudden market swings.