What a tragic guy—liquidated 4 times in just 14 hours! This means every time he got wiped out, he immediately rebuilt a position in the same direction. And then got wrecked again. Who wouldn’t break down after this?! The self-reinforcing mechanism of short squeezes— When the liquidation price of a large short position becomes predictable, market makers and algorithmic traders are incentivized to push the price toward that level; The liquidation itself generates new buying pressure, driving the price higher and liquidating the next short position. 4 liquidations in 14 hours almost perfectly fit this pattern. In behavioral finance, this is called the sunk cost fallacy + the disposition effect combined; And the nature of perpetual contracts allows this mistake to repeat infinitely—until the margin hits zero!