Is a BTC long with liquidation at 10K just suicide?

Saw someone talking about going long on 1 BTC now with leverage, but their liquidation is set around $10K.

Curious is that level still in play? Could BTC actually nuke that far down in a black swan scenario, or is $10K completely unrealistic at this point?

Trying to understand if this kind of setup is pure gamble or if there’s real risk behind it.

What would have to happen for BTC to drop that low again?