白鲨观点

Sun Yuchen’s piece titled “My Girlfriend Jing Tian” has cornered all the trending topics on the entire Chinese internet. My first reaction was to laugh; and as I kept laughing, I thought—this is just too “Sun Yuchen.”

A man with a net worth of $8.5 billion, for more than $30 million in bride price, lays out details of his ex-girlfriend’s private life for the whole internet to watch. You say he’s short on money? No way. You say he’s deeply devoted? Even the ending has a line that says, “This article is entirely fictional.”

It’s like the pump-and-dump tactics commonly seen in the crypto circle—you think it’s value discovery, but in reality it’s attention being cashed out. Sun Yuchen has always understood this: the Buffett lunch was filmed and then he didn’t go, using the heat for two waves; he paid $6.2 million for a banana and ate it publicly, getting headlines everywhere. His life is a continuous “market-making” of attention—every incident is like an “on-chain” moment, turning controversy, gossip, and shock value into traffic and exposure.

But you need to see the essence clearly: attention can pump prices, and it can also dump them. The most worth-guarding in this incident isn’t the melodramatic plot—it’s that the founder’s public-opinion risk is now transmitting to related assets. Tron TRX, HTX, and the Trump coin he’s deeply tied to are, in essence, “Sun Yuchen concept stocks.” When the founder’s public image shifts from “the king of crypto marketing” to “the male lead in a relationship dispute,” the fragility of the chip structure gets amplified.

More subtly, there’s the detail that’s been mentioned again and again: when Jing Tian asked him, “Can you come to Beijing?” he went silent. Behind that silence lie questions about travel restrictions, regulatory risk, and asset liquidity. For someone who can’t even get back to the capital, how much of his wealth is paper glory, and how much is real cash in hand—let the market weigh it.

Gossip is for looking at, not for paying for the story. The iron rules of the crypto world have never changed: the more noisy the founder is, the more calmly you must think. He’s cashed in all that attention—yet you might end up becoming the cost of the attention economy.

#孙割 #景甜 #Binance #BTC

A trader I know got liquidated last week.

We’ve known each other for three years—he’s a very hardworking trader.

When BTC surged from 63,000 to 81,000 this week, he was gone.

It wasn’t just that he lost money—he completely lost his place in this world—

He used 50x leverage to short $, full position, and got liquidated.

The principal was the down payment he’d planned for a house, plus the money he borrowed from relatives.

Yesterday he messaged me saying he won’t touch futures contracts anymore.

He found a regular job—9 to 5—and he’s going to live steadily.

I didn’t try to talk him out of it, and I didn’t comfort him.

Because I know stories like this are playing out in the crypto world every day.

Most of the time, what you hear is “someone made X times,”

and nobody goes around saying they got liquidated.

So today, I won’t talk about the market—just plain human words:

Leverage—when used properly, it’s an accelerator; when used poorly, it’s a crushing machine.

You can win 10 times, but if you lose just once, you might end up with nothing at all.

Spot can be held long-term, but futures can’t—

Time is always your biggest enemy.

Don’t tell me anything like “fortune favors those who take risks.”

The truth is, the ones who can truly survive in this market

are never the bravest.

They’re the most cautious.

#BinanceSquare #交易心得分享 #合约交易 #币圈故事 #BTC

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Can’t sleep. I got up and checked the market. It’s still the same.

Suddenly I want to ask everyone a question:

When you first entered the crypto circle, what was it for?

Let me go first:

In 2017, a friend told me buying BTC made money. I took a shot at it and invested 20,000.

Back then, I was thinking something very simple:

Make some extra cash, buy a slightly better car, and get a bigger house for my family.

What about later?

It went up, it went down. I got liquidated, and I also doubled my money.

You make money and you lose money, but people change a lot.

From staring at the charts for 16 hours a day, to now checking three times a day;

From fantasies of getting rich overnight, to slowly accepting “slow is fast.”

I came in at first for the money,

and now I stay for more than that—it’s become habit.

I’ve gotten used to this kind of volatility.

I’ve gotten used to the people and things in this circle.

I’ve gotten used to finding a bit of certainty in uncertainty.

What about you?

Why did you come in back then?

And what’s your reason for still holding on now?

Talk about it in the comments.

Anyway, none of us can sleep.

#BinanceSquare #BTC #币圈人生 #交易者日常 #深夜话题

Is fear and greed index 71 the signal to call the top? Don’t get fooled.

Recently, a lot of people have been saying, “It’s getting greedy—so it’s about to drop.” The fear and greed index is at 71 now, so run.

Let me say one thing: is 71 really “greed”?

Let me show you a few numbers:

2021 bull market peak: 95
Oct 2025 BTC touched 126,000: 88
Now: 71—just entered the “greed” threshold

What is real greed?

It’s when a grandma at the market asks you what coin to buy,

It’s when a taxi driver chats about the candlestick chart,

It’s when even your mom wants to get in—

That’s what you call greed.

So what about now?

There are still tons of people shouting “a bear-market bounce” “pump to distribute,”

The bears are still stubborn, and the bulls are still hesitating.

Price rises amid doubt, and ends in celebration.

Since there are still so many people who are in doubt, it means the end is far from here.

Do you think this is the top, or just halfway up the mountain?

$BTC #BinanceSquare #BTC #行情分析📈 #加密货币

I respect you guys who are still fully loaded.

Let me say something that might get me criticized:

If you’re going all-in around the $80,000 BTC level, you’re either a real pro or a real rookie.

From $62,000 to $79,000—up 27% in two weeks.

It moves fast, but the risk isn’t small either.

At the $80,000 level, there’s resistance from the previous highs above, and selling pressure from profit-takers below—no matter how you look at it, it doesn’t seem like a place for “safe full allocation.”

But I also understand those who are fully allocated:

After being sidelined for more than half a month, you finally chased in—while everyone around you is making money. It creates anxiety. You believe the bull market just started. To you, $80,000 is only the foot of the mountain.

With trading, though, position management matters more than directional judgment.

If you get the direction wrong, with a lighter position you can still hold on;

If you get the direction right, with a heavy position one pullback can wipe you out.

Full allocation isn’t bravery—it’s gambling.

Real高手 (pros) always keep their ammunition.

$BTC #BinanceSquare #BTC #仓位管理 #交易心得