A screenshot was shared in the group, showing a $BICO short position that earned 93%.
Shorted at 0.053, current price 0.048, with 10x leverage. It only dropped a few points, and the principal doubled. This guy shorted from a high position and caught the drop very steadily.
I also opened a short at 0.067, hoping to ride the wave. In the afternoon, there was a spike up, and I couldn't hold my position, so I got liquidated. Right after I got liquidated, the price reversed and dropped to 0.048.
They made money while I was there, but by the time the market moved, I was already out. ๐
Is there anyone in the comments who experienced the same, just missed the move? Sending a hug.
Madrid๐คฌ Last day of July, and it's going to be a Black Friday!!! It's really tough๐ญ $15๐ช challenging $1000๐ช real trading & already failed๐ (Day three) Current funds: $30 I plan to operate with the last $30. If it doesn't succeed, so be it๐ก To succeed, I have to go crazy and charge forward recklessly! Trading idea: $BTC Yesterday, I went long at 64700 where others were shorting. Since the Asian session opened, itโs been a waterfall drop, wiped me out completelyโฆ $ETH daily chart also dropped to the support level at 1860, there should be a small rebound. On the 4-hour chart, thereโs a volume-increasing drop with a wick here, indicating resistance below. The 1-hour rebound isnโt strong, so 1860 might drop a bit more. I went long at 1958๐ with a stop loss at 1840, looking up to 1900 because the resistance above is at 1920, so if it rebounds, it should be around there. If it breaks down๐ below 1840, it will go near 1820, and breaking that means bearish. Summary: August, be a bit kinder to me. Age 17, be a bit kinder to me๐ญ
Seeing others losing money reminded me that my own order is still open. Scrolling through the comments, everyone has their own misery. Some say selling early always profits, others say they lost big.
$INTW, this thing, I lost a bit more than 1% right after enteringโnot much, but itโs definitely unpleasant to be in the red immediately. I checked the announcement; this contract was just launched in July. Big platforms like Binance and Huobi have it, with up to 20x leverage. Essentially, itโs the GraniteShares 2x long Intel ETF, not a stock itself but a leveraged derivative that tracks Intelโs price exactly. If Intel doesnโt perform, this wonโt hold up either.
Someone in the group shared a screenshot: a person trading SNDK closed both short and long positions, ending up break-even. Looking back, they probably could have made more, but thatโs how trading goesโwhatโs done is done. Another person was even worse offโwent long and didnโt watch the market, woke up to a crash so bad it felt like the sky fell, dropping to rock bottom, asking if it could rebound so they could break even.
ARK INVEST: CRYPTO IS ENTERING ITS BIGGEST CONSOLIDATION PHASE EVER
Investors are becoming more selective, pushing capital toward platforms with real users, revenue and product-market fit.
๐ฐ Hyperliquid and generate roughly 67% of crypto application revenue ๐ Adding Ethena brings the top threeโs combined share to nearly 80% ๐ช BitMEX plans to shut down its exchange in September โ ๏ธBinance will end trading in August before fully winding down in January 2027 ๐ค Bybit expanded in Indonesia by acquiring a majority stake in local exchange NOBI
ARK expects more project shutdowns, bankruptcies, acquisitions and exchange closures as revenue concentrates among fewer winners.
The shakeout could be painful, but it may leave crypto with stronger and more sustainable businesses.
Hello ValenceCrypto family! ๐ What are your thoughts on the current crypto market situation? Do you think the current movement in Bitcoin and altcoins is taking us toward a new All-Time High, or are we in for a bit more correction? Experienced traders, how are you reading the market right now? Share your analysis in the comments below! If you're a beginner, feel free to ask questions. Our goal is simpleโsmart trading and consistent profit. ๐ ๐ฌ Drop your analysis in the comments! #ValenceCrypto #CryptoMarket #Bitcoin #CryptoTrading #CommunityDiscussion #SmartInvesting