According to @bobbyong, Friday’s crypto futures liquidation wiped out many traders, including those using only 1.5x leverage, underscoring how brutal perpetual futures can be during volatility, source: @bobbyong. He advises never allocating an entire portfolio to perps and to keep a percentage in stablecoins or cash plus some spot positions so there is capital to rebuild after wipeouts, source: @bobbyong. He also suggests placing very low stink bids near zero to potentially capture deep wick fills during chaotic crashes, source: @bobbyong.