Surrender. Really, I admit it.

Seeing SPCX drop like that earlier, I thought it would finally take a breather. But the market slapped you right back down: what you thought was the floor still has eighteen floors underground waiting.

Every time I see this kind of decline, I think of how I was once educated about being BEATed in life. A long position at over 8 dollars, 20x leverage, thinking I was bottom-fishing, but in reality, they were bottoming out your house.

Now the current price is only the previous support, with margin calls exploding to nothing. The return rate is negative six thousand percent, this is not trading, it's public execution.

Every time you think it's bottomed out, it can dig even lower, dull knives cutting flesh, so slow that your heart dies.

What’s the most disgusting? It’s not that you lost money, but that after losing everything, you realize that institutions over on $ETH are building dual-line positions, ETF inflows are continuous, and they are steadily establishing a value logic.

In the same market, one side is harvesting human nature, while the other is establishing a pricing cycle.

You stare at the candlestick chart thinking you can bottom-fish, but in reality, you’re just jumping into someone else’s trap.

Let me talk a bit about the market sentiment. $BTC is now at 64,358, $ETH at 1,746, and overall sentiment is still grinding downward.

Without liquidity support, without a strong rally, this volume-shrinking volatility is most prone to producing these gloomy, killing declines. In such a market, don’t get overly attached to your positions; if it breaks, accept it, don’t fight the market.

While I’m at it, I’ll mention some recent external signals I’ve been watching. The preferred stock of STRC dropped to $89, hitting the lowest since its IPO, with an effective yield directly rising to 12.9%.

Strategy’s response was quite interesting, saying that selling $BTC could pay for 32 years of dividends. Basically, this is a warning to the market: don’t panic, if it really comes to that, I have enough reserves to back it up.

This matter actually has a pretty direct impact on the crypto world. The weakness of the preferred stock indicates that traditional funds’ valuation logic for crypto assets has cracked, which will suppress risk appetite for $BTC and $ETH in the short term. Liquidity expectations will tighten, and altcoins and contract positions will also come under pressure.

If institutions don’t resume increasing their holdings, it will be difficult for sentiment to reverse at this level.

Tell me, which is more dangerous in the crypto world: a sharp crash or the constant feeling that it can’t fall anymore? #我的Gate交易时刻 #沃什首秀美联储利率不变 #预测世界杯加拿大VS卡塔尔