Bonk trader liquidated despite massive gains due to excessive leverage; cautionary tale.

Like if you believed in bonk that much and you were up that much money, why not start closing the perps position and rotating it into spot? But as a general rule of thumb, I use spot for longer-term perps for shorter-term. Mel crypto says probably went over this, but honest thoughts on clarity not passing. And if the FCC temporary shit is even good, does this fuck up crypto's future in the USA forever? I think the biggest risk for crypto in the USA right now is the Democrats getting back into power and using it as a cudgel to go after Trump.