In the past couple of days, the bull market experienced its first violent deleveraging, and in the future, such situations may occur again. However, it must be said that such opportunities are rare. In a bull market, one should not easily think about liquidating positions. Those who liquidated their positions a couple of days ago, have they bought back in? Or now that prices have risen today, do they dare to enter the market?

Every time before a significant rise in a bull market, a deleveraging operation like this is necessary. This is to bring the prices of everyone's holdings into a more balanced state. For example, if I bought Bitcoin at 10,000, I wouldn't be in a hurry to buy it at 20,000; but if I bought it at 10,000 and it reached 40,000, I might consider selling. Therefore, at 20,000, it is necessary to wash everyone's holdings to the average price. Those who cannot be washed out are diamond hands, and there’s no need to worry about their selling pressure during a rally. When the next surge comes, most people will not sell, and it can also attract a lot of external funds, leading the market to continue rising. The logic is roughly like this, so holding coins and holding good coins is the most critical.

Everyone has bought 100x coins or 10x coins, but the result hasn’t been very profitable, and the reason lies in frequent position changes. Many people do not know whether the coins they hold are good or not, and they do not study them. In these three months, spending time and energy on researching coins could yield returns that might match the income of the next 5 or even 10 years. One should review and learn more; no one can always be correct, but try to make fewer mistakes on the same issue.