DYDX has entered a complete reset stage in the market after the joint liquidation event of the exchange on October 11. The current significant downward trend actually reflects the market's deleveraging process—this stage is not suitable for retail investors to rush in and open leveraged positions.



In simple terms, the market makers are currently holding back data, racing against time to target aggressive traders. What you think is an opportunity is actually a series of traps. Moreover, this round of bottoming will take at least another two to three months of volatility; either the market will break through your capital or the daily fees will drain you.

Rather than stubbornly sticking to DYDX spot trading, it might be better to shift focus to new coins. At least they have popularity and expectations supporting them, and you can take a chance on early investments. Don't use your principal to add to the pressure of this adjustment.
DYDX-0.18%
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