100k people get liquidated, and I realize that the most dangerous thing in the crypto world isn't losing money, but "being stubborn."

Last night, when BTC dropped below $74,500, the entire crypto community suddenly fell into a large silence.
Especially in the futures groups.
Usually, it's "brothers going all-in" every day, but last night was as quiet as a college entrance exam room.
Data shows that $407 million was liquidated in 24 hours, nearly 100k people were forcibly closed out.
Simply put:
— The market has completed another round of "emotion harvesting."
And what has been my biggest change recently?
No longer chasing rallies.
Because now the market has entered the "news-driven era."
A statement from the Federal Reserve can cause a sell-off;
a conflict in the Middle East, and BTC performs a free fall.
In this environment, the people most likely to lose money are not necessarily those with poor technical skills.
But—those who are too emotional.
Many people's most classic move last night was:
Buy more on the dip;
buy more as it dips further;
and finally, lose their composure.
As a result, their positions grow larger, and they become more hopeless.
Recently, I’ve actually been maintaining a half-position stance.
The reason is simple:
The biggest risk in the market now isn't a drop.
It's the "continuous black swan events."
You never know what the next alert will be.
It could be a ceasefire;
it could be a new conflict;
or even Trump tweeting again in the middle of the night.
In times like these, position size is more important than direction.#
As for bottom-fishing?
I personally do it, but very slowly.
Because this kind of decline now feels more like an "emotional stampede."
And emotions usually don’t end in a day.
So my strategy is:
Buy small positions in 3%-5% dips in BTC;
never go all-in at once.
Because the real bottom never gives you just one chance.
And true experts are not those who buy at the lowest point.
But—those who can survive to wait for the next market cycle.
#24h加密合约清算破4亿美元