I completely closed my positions on Friday, and I managed to escape this wave quite quickly. Here's a summary of the logic at the time:
First, considering geopolitical risks. During that weekend, uncertainty was very high, and the market's expectation of a sudden event was evident, so caution was necessary. There's no need to gamble on this variable for such a small move.
Pushing BTC above this level for another 2000 points isn't cost-effective. I believe that around 98k is already a relatively ideal point for a rebound. In the short term, some people are definitely betting on it, driven by emotions, and institutions and big players are rushing to get in. The noise from these bets is hard to distinguish, so rather than stubbornly fighting it, it's better to stay clear-headed.
Closing positions itself was a good decision. When certainty isn't strong enough, preserving capital is always more realistic than chasing the perfect exit point.
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SchrödingersNode
· 17h ago
The move out on Friday was indeed clever. I was roughly in the same rhythm. The geopolitical black swan is unpredictable.
There's no need to gamble on 98k reaching 2000 points again. When institutions dump the market, you're still sleepwalking.
Preserving principal always comes first. Perfectly timing the top is just armchair strategizing after the fact.
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MagicBean
· 17h ago
It ran on Friday, which shows some risk awareness. The 98k wave was indeed easily swayed by emotions, and institutions were there harvesting profits. I didn't plan to chase the 2000 points high.
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DegenTherapist
· 17h ago
Ran on Friday, got it. There's really no need to stubbornly stick to 98k; the risk-reward ratio is right there... Capital preservation is the key, and chasing perfection with an exit point is just digging a hole for yourself.
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ParanoiaKing
· 17h ago
Clearing out on Friday? That's pretty smart. I was still gambling back then, and now I regret it to the point of tears.
But wanting to walk away with just 98k is indeed a steady mindset. Compared to those who shout every day about soaring to 10w, your caution is much more valuable.
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RealYieldWizard
· 17h ago
I ran on Friday too. I also feel that 98k is a bit inflated here. There are too many uncertainties on the geopolitical side. Instead of betting on that 2000 points, it's better to prioritize safety first.
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TopEscapeArtist
· 17h ago
The 98k position is really risky. If I were still holding, I would have been knocked out. Clearing the position early truly boosted my confidence.
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MevWhisperer
· 17h ago
98k really dares to boast, I thought it was a bit risky... as expected
I completely closed my positions on Friday, and I managed to escape this wave quite quickly. Here's a summary of the logic at the time:
First, considering geopolitical risks. During that weekend, uncertainty was very high, and the market's expectation of a sudden event was evident, so caution was necessary. There's no need to gamble on this variable for such a small move.
Pushing BTC above this level for another 2000 points isn't cost-effective. I believe that around 98k is already a relatively ideal point for a rebound. In the short term, some people are definitely betting on it, driven by emotions, and institutions and big players are rushing to get in. The noise from these bets is hard to distinguish, so rather than stubbornly fighting it, it's better to stay clear-headed.
Closing positions itself was a good decision. When certainty isn't strong enough, preserving capital is always more realistic than chasing the perfect exit point.