Bitcoin is gently fluctuating, while altcoins are crashing directly, with 560,000 people experiencing liquidation, resulting in a total loss of 1.7 billion. This scene is so familiar that it numbs me; the contract market has once again become a meat grinder, crushing the fantasies of countless individuals. Many people have once again left in disappointment, exiting this game.
My heart is calm; such scenes occur in every bull market. I have seen similar scripts too many times to count, and I can even foresee them in advance. I have repeatedly reminded everyone in the group to take profits and reduce positions, but unfortunately, some people still cling to a sense of luck, ultimately being schooled by the market in a devastating way.
The cruelty of this market is not inferior to any financial field. No one can guarantee they will always make money, but those who survive have the right to witness the next bull market. Ultimately, 'survivors are kings' is the truth. Many times, complex strategies are not as effective as returning to simplicity: recognize Bitcoin, hold it without moving, and let time cross the cycles.
The slight fluctuations of Bitcoin can trigger a 'chain collapse' of altcoins, and the market has proven this countless times. Especially in the contract market, where high leverage is prevalent, volatility is a reshuffling, repeatedly filtering out those who harbor illusions and act impulsively. The liquidation of 560,000 people is not just a statistic; it is a wake-up call for market participants: never let desire blind you.
Those who can persist are often those who are indifferent to short-term fluctuations and focus on long-term trends. 'Hoarding Bitcoin to save oneself' seems simple, but it is the best strategy to navigate through bull and bear markets. The crypto world does not require you to operate every day; it needs you to have patience and determination, to learn to stand firm amidst the noise, and to remain calm during panic. Every sharp decline will scare away some people; every sharp rise will attract newcomers. Only those who see the essence can truly stand undefeated.
The rules of the crypto world have always been simple and brutal: to survive, first protect your principal; to win the future, you must endure the darkness.