---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43091041.md"
description: "Held up. A profound lesson.The trigger was the contagion of deleveraging and crash in the Korean stock market spreading to the US stock market.In essence, it was an irrational drop caused by the margin call triggered on Leopold's $20 billion fund, exposing position 敞口 (exposure). It was precisely sniped by old money, estimated to have used 4x, even 10x leverage, meaning $80 billion to $200 billion in passive selling pressure.The god of stocks has fallen; there will never be 态势感知 (situational awareness) funds like this again. With such a huge 落差 (gap), one might even suspect he'd go to the rooftop to contemplate suicide. Success due to leverage, failure also due to leverage.Right now, it's short covering, turning long.$Nebius(NBIS.US)$SK Hynix(SKHY.US)"
datetime: "2026-07-30T16:05:35.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43091041.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43091041.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43091041.md)
author: "[trend_OptsDaily](https://longbridge.com/en/profiles/12647527.md)"
---

# Held up. A profound lesson.The trigger was the con…


### Related Stocks

- [NBIS.US](https://longbridge.com/en/quote/NBIS.US.md)
- [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md)

## Comments (14)

- **VonMarseil · 2026-07-31T04:47:29.000Z**: This young stock god got a harsh lesson from the evil old Citadel this time. However, I think after this experience, Leo's probability of becoming a true stock god in the future has actually increased significantly.
- **幻想日进斗金 · 2026-07-31T02:42:17.000Z · 👍 3**: I can't operate now, right?
  - **卖飞专业户** (2026-07-31T02:42:39.000Z): If you have a 🇭🇰 card or just open a global proxy, it works fine.
  - **不要频繁浇花** (2026-07-31T03:26:23.000Z): There are always more solutions than difficulties.
- **煎饼小狗 · 2026-07-30T19:00:48.000Z · 👍 2**: How to put it... be cautious with leverage. This round, I basically held hardware positions, but didn't add any leverage, just worried about this indiscriminate despair-driven drop, and right after entering...
- **colorwei · 2026-07-30T16:42:10.000Z**: I don't understand today's rise either; there's no good news from foreign media, but as long as it goes up, that's fine. There are always scholars to justify it for me, ha.
- **在学习中前进 · 2026-07-30T16:24:34.000Z**: I have an MMP to say, I don't know if I should or shouldn't.
- ***烟火声* · 2026-07-30T16:22:14.000Z**: I see now
- **李涵悦李博思的交易员 · 2026-07-30T16:14:28.000Z**: He got liquidated, so retail investors can take a breather.
- **跟顾神反着买 · 2026-07-30T16:10:06.000Z · 👍 3**: Bro, is it more secure now?
- **小兔蹦蹦越挫越勇 · 2026-07-30T16:08:24.000Z**: Caught up✌️
- **1啊城 · 2026-07-30T16:08:24.000Z · 👍 1**: Saw your message, went straight into options~ Thanks
- **大鹅最没有纪律 · 2026-07-30T16:07:54.000Z**: White hair supports
- **大鹅最没有纪律 · 2026-07-30T16:07:35.000Z · 👍 1**: Look