Today I will tell you a story "Think carefully"

In 2022, a college student made $1.75 million by shorting Luna. This story has three key points.

First: To earn 1.75 million USDT from short selling, does anyone know how much principal is required? First of all, shorting is no better than going long, and the margin will be reduced accordingly. From the so-called profit account data at that time, if you need to make a profit of 1.75 million USDT, you need 30,000 USDT. Because the drop exceeds 60%, there is basically no equivalent profit for the position. The profit will become smaller and smaller, and conversely, the long profit will become larger and larger, because your margin will increase according to the currency price, so the basic drop will be more than 60%, and the subsequent 0.0000 has no meaning.

Second: Due to the collapse of Luna, users in the currency circle became very inactive that day, and even became less and less active every day. However, due to the breaking of this news, the number of registrations on a certain trading platform in a single day reached 30,000. These 30,000 All users are new members.

Third: A college student’s profit from shorting Luna was directly transferred to the cold wallet instead of being cashed out. The earliest transaction in the cold wallet address was in 2014, and it was a transfer of 200,000 USDT. The consciousness was "this College students already held millions of virtual currencies 8 years ago.”

What can we see from this event?

Answer: After the Kaojiaichi crash, although user activity decreased, a large number of new users flooded into the market due to the fermentation of a piece of news.

Everyone, please use your brains, many things are not what they seem...