Small-cap tail-riding scripts, it's always others who get in first, I watch the show from the side until I'm full, then when I look back, the car has already driven far away.

Just now I was eating and scrolling my phone, saw those two K-lines of BICO and RE, shooting straight up from the bottom, while Bitcoin is still hovering around 64k, small caps are going crazy on their own. I couldn't resist, took out my phone and opened a $BTC short position, 8x leverage, entry price 61,309.

Now $BTC has already risen to 63,655.

Unrealized loss of $69.8, return rate -30.61%.

What was I thinking at the time? Just thought that Bitcoin has been grinding below 64k these days, funding rates aren't high, long liquidations are there, so I wanted to bet on a pullback. But the market didn't give me any face, $BTC just shot up.

Looking at the floating loss in my position now, it feels like you clearly see a trap ahead, but everyone else jumps over it, and you're the only one stepping into it.

The only insight I see is this: small-cap tail-riding trends often mean market sentiment is warming up, funds are starting to rotate from Bitcoin to altcoins. Bitcoin oscillates without dropping, indicating strong support below, and doing a contrarian short at this time is just adding drama to yourself.

Next time I see this kind of chart, I should wait for Bitcoin to confirm the trend before betting on a pullback.

Do you guys ever have that feeling, knowing the market is warming up but still can't resist trying to top-tick and short? Chat in the comments, let me see if I'm the only one with such a reckless hand.

The Federal Reserve is holding interest rates steady, and the market has already started repricing a rate hike in September. If $BTC can't hold above 64k, the liquidation of shorts could spike to $786 million. If these shorts get liquidated, it might be another #我的Gate交易时刻 bloodbath.