Cutting your losses is kind of like a breakup—you know something’s off, but you keep dragging it out. The longer you go, the more you start thinking, “Maybe if I wait a bit longer, they’ll come back.” In the end, the fees, capital occupation, and emotional drain are all racking up like interest. To put it bluntly, admitting you’re wrong sooner actually lets you free up your mind to do something productive.

Recently, everyone’s been watching on-chain large transfers and spotting unusual activity in exchanges’ hot and cold wallets, and they always interpret it as “smart money positioning.” I like watching it too, but after a while I realize it’s more like making excuses to keep holding the bag: someone else’s transfer ≠ my positions being saved… No matter how fast you repair the bridge, you still have to make it stable first; positions are the same—stay alive first, then we’ll talk.

Talk again next time.