🚨A day worth commemorating丨Those who have never experienced the bloodbath of crypto world312 will never know how terrifying a black swan can be——

For two consecutive days, $BTC $ETH have dropped by 10% each day, causing widespread panic and fear that sentiment has already deteriorated.

Subsequently, it entered a sideways consolidation, and the vast majority of the bears have closed their positions;

Who knew that the US stock market would be halted for the second time that night, plunging another 30%.

After three days of bloodshed, there has been a trend of rebound from the bottom. Many people believe that the negative impact of the U.S. stock market circuit breaker has been digested, so they are bottom fishing again, going long with confidence that this is definitely the bottom.

Never expected that, the next day, BTC, which had rebounded to 6230u, suddenly had a huge needle inserted directly to 3790u, and 145u of ETH inserted to 86u.

Directly plugged in to me, 90% of the people all liquidated overnight!

I haven't touched contracts since then.

When the black swan comes, it's so terrifying. The stampede directly leads to an extreme liquidity crisis, and the market cannot be predicted with normal logic at all.

Even if the directional judgment is correct, the continuous funding rate losses will erode profits during the oscillation of the black swan period.

Spot holders can withstand the most asset shrinkage, but contract players may be completely eliminated due to a single extreme fluctuation. This is the most expensive lesson I learned in 312!