2024.3.19 Daily Update: GBTC had an outflow of $643 million on Monday, which was the largest outflow since it was converted to an ETF on January 11. Bitcoin fell to 63,000 USDT today, an intraday drop of 6.82%. Ethereum fell below 3,300 USDT, recording an intraday loss of 6.33%. More than 240,000 people across the entire network liquidated their positions, with the total amount exceeding US$650 million.

In the daily updates of the past few days, we have reminded many times to reduce the leverage ratio, and it must be reduced to less than 1x. I don’t know how many friends who read the post understand this. The money you lose will be the principal of profit in the future. A retracement of less than 15% in these five days is acceptable. A small retracement can recover all losses.

The current balance of our account is 510,000 (including dividends), the highest value is 530,000, and the drawdown range is 20,000 US dollars, about 3.7%. The principal is 150,000, and the yield is close to 270+%.

The principal of the contract account is 475,000 and the position is 380,000. It remains near the high level and continues to wait for a rebound. Today's position adjustment is large. Our strategy is to sell while completing transactions, and continue to lower the low price.