At the position of 64,000 earlier, how many people are watching it as the last line of defense.

I was also watching at the time, thinking if it breaks, I’ll admit defeat; if it doesn’t, I’ll keep holding. And then it really broke, so what happened next?

The market immediately plummeted downward, and all I could think was—it's over, that position is now even more trapped.

It's not an exaggeration—when that needle came down, the entire chart seemed to be paused, liquidity was drained instantly, and the candlestick chart was full of pin tails. I was staring at the holdings in my account, watching the floating losses jump, silently telling myself: Don’t chase, don’t chase, wait for the rebound.

But honestly, when a position at this level breaks, a rebound is just an opportunity to run, not a reason to add more. I’ve seen too many people, when breaking key levels, not run, then when it rebounds, they rush in to catch the falling knife, ending up caught in the middle, getting slapped on both sides.

My own mistress position is still soaking in water; when I entered, I thought it could hold at 2800, but this wave almost couldn’t withstand it. I didn’t think about stop-losses, but I kept feeling I could wait a bit longer, waiting for a rebound opportunity to exit.

The problem is, you never know what that “wait a bit longer” will bring.

Looking back now, shorting in this kind of market is indeed convenient, but only if the direction is right, the position is small, and you admit defeat immediately if wrong. The person in the original post said, “Small positions enter as the base, set the direction, and cut losses promptly if wrong,” and that advice is timeless.

Position management is a thousand times more important than judging the direction.

Speaking of which, earlier STRC preferred stock dropped to $89, hitting a new IPO low, and Strategy responded that selling $BTC could pay dividends for 32 years.

This line is quite worth pondering—although they say they won’t sell coins, the preferred stock falling like this indicates that the market is already pre-trading the expectation of “being forced to sell coins.”

If this logical chain really plays out, the liquidity pressure on $BTC will gradually transmit downstream, not by direct dumping, but like an undercurrent supporting the upward momentum. The smart money in the market has already started to anticipate this sentiment in the charts.

What do you think, in what form will the holding pressure of these big institutions finally infect the futures market? #我的Gate交易时刻 #TradFiCFD黄金大师赛 #STRC跌破面值11%创上市新低