This wave of short positions finally turned profit. What’s most interesting isn’t how much it dropped, but the repeated tug-of-war at the high level—many people were still imagining it would keep pushing higher. What I was watching was the lack of proper follow-through.

$TAO From 277.1 it kept being pressed down all the way to 213.6. Right now, unrealized profit on my position is +1105.32%, and the market movement potential has been released very directly. What truly made me pay attention was that every previous pullback higher had no volume to support it. The price looked strong, but in reality it was getting more and more hollow the more it was pushed.

At this kind of level, it’s not a matter of courage—it’s a psychological game. Most people are afraid of missing out and end up chasing, so the main force likes to push bullish sentiment to the max in places like this, and then smash the rhythm back with a single bearish candle.

Now that the profit is already pretty substantial, I’m more inclined to handle it with an 80/20 approach in batches: lock in most of it first, and let the rest extend with a protected stop. If you don’t have a position, don’t rush in just because it has dropped. Don’t chase the rebound—wait for the next more comfortable entry.

$BTC $ETH