🚨 Happy first anniversary of 10/11 in crypto.
The word “happy” feels a little sharp, even just typing it.
At this time last year, $BTC had just hit a new high in early October. Everyone was talking about Uptober, the next market rally, and how much higher prices could go. Then a macro headline hit. Liquidity dried up, leveraged positions were liquidated in a cascade, and October 10–11 became the most painful pin in many people’s accounts.
Over those 24 hours, reported liquidations across the market exceeded $19 billion. BTC briefly fell to around $104,800, while altcoins moved in ways that made even less sense. It wasn’t that you got the direction wrong. When liquidity vanishes and leverage gets unwound all at once, prices don’t give you a chance to “wait and deal with it later.”
A year later, looking back at that day, what matters most isn’t how much a particular coin fell, or who managed to buy the bottom.
It’s these lessons:
1️⃣ Never take on a position so large you can’t handle the volatility
The real risk isn’t getting it wrong once; it’s getting it wrong once and having no next time.
2️⃣ Until you’ve locked in your profits, they aren’t yours
When the market is going your way, leverage can make you feel invincible. When it turns against you, leverage only magnifies our most vulnerable instincts.
3️⃣ Black swan events never give you a heads-up
Macro news, policy changes, liquidity vanishing in an instant—no candlestick chart can predict these with 100% certainty. What you can do is leave yourself plenty of room to maneuver.
4️⃣ Staying in the game matters more than catching every move
Missing a rally just means making less. One out-of-control liquidation can take you out for good. Crypto never runs out of opportunities; what’s scarce are people who are still at the table.
The first anniversary of 10/11 isn’t about reliving the pain over and over.
It’s a reminder to ourselves:
Don’t forget the risks when prices are rising. Don’t let euphoria fuel your greed. Don’t mistake luck for skill.
To everyone still here this cycle: may we all make money within the limits of our understanding, and protect ourselves from risks beyond it.
Remember that pin.
Not so we live in fear, but so that every move we make from now on is a little steadier. 💪🫡
#BTC #加密货币 #币圈 #交易复盘 #风险管理
The word “happy” feels a little sharp, even just typing it.
At this time last year, $BTC had just hit a new high in early October. Everyone was talking about Uptober, the next market rally, and how much higher prices could go. Then a macro headline hit. Liquidity dried up, leveraged positions were liquidated in a cascade, and October 10–11 became the most painful pin in many people’s accounts.
Over those 24 hours, reported liquidations across the market exceeded $19 billion. BTC briefly fell to around $104,800, while altcoins moved in ways that made even less sense. It wasn’t that you got the direction wrong. When liquidity vanishes and leverage gets unwound all at once, prices don’t give you a chance to “wait and deal with it later.”
A year later, looking back at that day, what matters most isn’t how much a particular coin fell, or who managed to buy the bottom.
It’s these lessons:
1️⃣ Never take on a position so large you can’t handle the volatility
The real risk isn’t getting it wrong once; it’s getting it wrong once and having no next time.
2️⃣ Until you’ve locked in your profits, they aren’t yours
When the market is going your way, leverage can make you feel invincible. When it turns against you, leverage only magnifies our most vulnerable instincts.
3️⃣ Black swan events never give you a heads-up
Macro news, policy changes, liquidity vanishing in an instant—no candlestick chart can predict these with 100% certainty. What you can do is leave yourself plenty of room to maneuver.
4️⃣ Staying in the game matters more than catching every move
Missing a rally just means making less. One out-of-control liquidation can take you out for good. Crypto never runs out of opportunities; what’s scarce are people who are still at the table.
The first anniversary of 10/11 isn’t about reliving the pain over and over.
It’s a reminder to ourselves:
Don’t forget the risks when prices are rising. Don’t let euphoria fuel your greed. Don’t mistake luck for skill.
To everyone still here this cycle: may we all make money within the limits of our understanding, and protect ourselves from risks beyond it.
Remember that pin.
Not so we live in fear, but so that every move we make from now on is a little steadier. 💪🫡
#BTC #加密货币 #币圈 #交易复盘 #风险管理