F for the guy who just got liquidated out of 43.7 million dollars

Some firm/guy just got liquidated for 43.7 million dollars. Check it out: https://www.bybt.com/LiquidationData

Imagine buying derivatives at which you can lose everything if the asset dips under X dollars. Like that definitely won't happen in the most volatile market on earth lmao. This is why you don't buy derivatives or use leverage (or at least not with significant amounts of money). Who on earth would use 43.7 million dollars to buy derivatives?? I want to see what's going down at that company right now.