On the evening of the 10th, I saw in the group and followed suit to clear most of the altcoins. Brother Sun is indeed precise @0xSunNFT
After being in the crypto space for over four years, this is the first time I've seen something like this, a bunch of altcoins suddenly crashing by 80-90%. So the most important skill in the crypto world is risk management. As long as you stay alive, there will always be opportunities. Whether you're buying the decoupled USDE, wbETH, bnSOL, or trading those mainstream coins, you can make money; the question is how much. However, if you happen to be long on altcoins, even if you put up 5x or even 10x margin, you might still get liquidated, and that would be a complete disaster. Fortunately, my hedging position, although various altcoins were being liquidated, still outperformed my long positions. I was busy closing positions and didn't have time to buy other coins, so I won't be posting my profits on Twitter. After all, for most people, this kind of black swan event is definitely more bad than good. After the $Trump in January, I took a semi-retired, laid-back approach for a few months. In the last three months, I feel the market has become more active, and I've gradually started to invest seriously, from Pump public sales, hedging ETH long positions against altcoin shorts, XPL, Eigen, and several other altcoins, to the recent BSC chain. Overall, I'm quite satisfied with my operations and have basically achieved the results I wanted. After closely monitoring the chain for the past few days, I feel a bit fatigued, so it's a good time to take a break and adjust. Wishing everyone good luck; staying alive is the most important thing.
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