According to @hfangca, traders should exercise extreme caution when using leverage on bitcoin positions to avoid forced liquidations. This advice underscores the importance of risk management in the current volatile crypto market, where over-leveraged positions have led to significant losses for both retail and institutional investors, as reported by multiple sources including Glassnode and Coinglass. Staying cautious with leverage is critical for bitcoin holders aiming to preserve long-term gains and minimize downside exposure in 2025 (source: @hfangca, Glassnode).