From 800,000 to 7.3 in half a year.

It's not a joke, it's that real number on the screen—-98.20%.

I stared at it for five minutes, without blinking once. Not calm, just completely drained, no energy left to cry.

Back then I was thinking, what’s there to fear about full position at 1x? If it drops, just hold it as spot. But what happened?

It dropped to a point where I couldn’t even afford a bubble tea, and I finally understood that position size isn’t something you can just tough out with words.

It's like having a hole in your hand, watching blood flow out, but just can't stop it.

The funniest part is, those self-soothing thoughts like “There will definitely be a technical rebound,” or “The main force is about to push the market,” now look like a joke. The market never cares about your feelings; it only clears out those on leverage one by one.

Do you think making money is the hardest part?

No.

The hardest part is when my mom calls and asks how my job is, saying the family has saved some money to help me put down a deposit. I can only pinch my thigh and say, “Mom, I’m doing fine,” then hang up and smoke a whole pack.

When I inhaled that smoke, I felt like a dead fish.

Half a year ago, if I hadn’t opened that exchange, if I had taken my first profit and stopped, I’d probably be planning to buy a ticket home now. But there are no “what ifs.” There’s only 7.3 yuan and some change left in my account, barely enough to keep face.

This wave of $BTC also dropped nearly two and a half points, with 62,818 being the level that many long positions are struggling under. Market sentiment is quite tense, many are waiting for a direction.

Speaking of which, recently Strategy’s preferred stock STRC fell to $89, hitting the lowest since IPO, with a yield soaring to 12.9%. Then the company came out and said, “Selling $BTC can pay dividends for 32 years.”

Honestly, my first reaction hearing that was: sell $BTC to pay dividends?

Once they open that door, for those longs still stubbornly holding $BTC, it will be a continuous psychological pressure.

After all, everyone used to believe MSTR would hold forever, now there’s an “option to sell,” and this variable pulls on the sentiment of altcoins and derivatives markets—-it’s not easy to digest.

You tell me, when even the most steadfast hodlers start talking about “selling,” what can you still believe in this 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