Short brothers, how are you doing?

Today’s market isn’t the worst for those who missed out, but for the shorts.

When I was browsing Gate’s marketplace, I saw several screenshots from brothers: all red, liquidations, zero balance. The caption was just two words—“Gone.”

It gave me a jolt.

That’s how the crypto world is—one moment heaven, the next hell. Yesterday, we were debating whether $60,000 could hold, and today it shot up to $69,500. If you’re short and didn’t set a stop-loss, you’re probably smoking on the balcony right now.

Data shows that in the past 24 hours, $265 million was liquidated, with shorts accounting for 80%. Within four hours, $92 million was forcibly closed, and Gate alone took 15%. Behind those liquidated orders are real accounts.

Someone asked, why do people keep shorting? Because they think the price is too high, that a correction is coming, that it can’t keep rising forever. These reasons are valid at any time, but in crypto, they’re all wrong.

The crypto world never plays by logic, only by capital.

I remember an old trader telling me: Don’t try to pick the top, don’t try to catch the bottom, go with the trend. Today, I finally understand that. When it was $69,000, you thought it was high, but it could still reach $70,000; when it hit $70,000, you thought it was crazy, but it could go even higher. By the time you finally chase in, the trend is over.

It’s quite ironic, but that’s crypto.

Anyway, I hope those brothers who got liquidated aren’t too upset. You can earn back the money, but if you lose your life, it’s really gone. Today’s wave, just consider it tuition.

The Year of the Horse has just begun, there are still many opportunities.

#Celebrating the New Year at Gate Marketplace
https://www.gate.com/campaigns/4044?ref=VQIQAA1ZVA&ref_type=132