Orbit: Crypto Community Feed
$CORE A painful lesson
A brother rushed in with 6U on the opening day.
He said the group was crazy at the time, grabbing $CORE meant guaranteed profit, a hundredfold minimum, a thousandfold takeoff, crushing Ethereum, surpassing Bitcoin. The hype was huge.
He got over ten thousand tokens, worth hundreds of thousands of yuan, thinking he was going to turn his life around.
Then the next day, $5.
The third day, $4.
He asked the group what to do, the group leader said it was a shakeout, hold on. One month later $1.
Half a year later $0.5. One year later $0.05.
No one spoke in the group anymore. The group leader had long disappeared, his avatar grayed out for two years.
Now it's $0.020.
Over ten thousand tokens, hundreds of thousands of yuan, turned into two thousand yuan.
He told me, actually the hardest part is not losing money.
It's that he never had a chance to run, the opening day was the peak, selling on any following day meant cutting losses.
Selling on the first day lost twenty thousand, selling on the second day lost sixty thousand, the longer he waited the harder it was to let go, the harder it was the more it fell.
$BICO is like boiling a frog slowly, by the time you realize it, you can't move.
Now he still has those over ten thousand CORE in his wallet, worth just two thousand yuan, selling or not makes no difference.
He said sometimes he still opens it late at night to look, not even sure what he's looking at.
#英特尔Q4业绩指引低于预期，股价大跌
$HYPE I opened a short position last night and couldn't sleep well all night. The liquidation price at 102 was nerve-wracking. Going against the trend is really not something I can handle, plus the bad habit of adding to losing positions! From now on, I will definitely stop adding positions recklessly and always maintain a position that lets me sleep peacefully 😭😭 Otherwise, losing money also affects my sleep.
Currently, there's no need to operate the hype positions anymore since there are both long and short positions. Now I'm mainly focusing on Ethereum. I am firmly bullish! Opened a small position at 2180 to let it slowly play out, and I'll add more at 2120! Bulls never become slaves 👿👿👿
Just got liquidated, Big Bro Maji topped up with 250,000 U to go long again, and this time he might really get results!
#美国9月核心PCE升至3.1%，加息预期仍高
Due to the Binance hack incident causing a drop, Big Bro Maji's ETH long positions on Hyperliquid were all forcibly liquidated this morning, exploding 8 times within 6 hours, with his account balance dropping to just $1.5 at one point.
But unexpectedly, he topped up another 250,000 USDC to go long this afternoon. The liquidation price for the ETH position is around $2161, with leverage still relatively high.
Big Bro is still Big Bro, but this time I think he might be able to get results.
My basis:
1. High leverage liquidations are often followed by short-term oversold rebounds;
2. The drop was event-driven rather than due to fundamental deterioration. As the core asset of DeFi, ETH tends to rebound first after liquidity recovers.
3. The liquidation line is close, so risk remains high. But if ETH does not break below 2160 and rebounds with volume, there is a chance to realize results this time.
ETH outlook:
In the short term, $ETH has fallen from a high to around 2200, with panic selling pressure basically released.
The Binance incident was a one-time shock, not a systemic risk. Binance has promised full coverage and frozen about 3 billion, so sentiment is expected to gradually recover.
Technically, RSI has entered the oversold zone, with strong support around 2160-2200. If it can stabilize here, the probability of a rebound to 2300-2350 is not low.
Influential Creator
Your mom
ETH long position given at 2188, lowest point 2172, just tell me who else
Woke up this morning and finally saw it drop to 77800, I was so happy
Made money on the short position, after thinking about the long position for half a month, finally entered the market
Publicly gave the long entry at 78500-77200, I don't know why someone in the comments says I'm bullish on a big drop
I'm holding a short position, with longs hanging below waiting for it to drop, silly
Looking at the hacker's address, Binance was hacked for 5.9 billion, minus the frozen stablecoins of 2.4 billion, Binance's loss is 2.5 billion USD, not the 1 billion USD loss claimed by CZ.
Compared to historical events, Bybit was hacked for 1.5 billion, this time Binance was hacked for 4 times that amount. I only remember that after the last Bybit hack, the market started a continuous decline with big, small, and gradual drops.
This time, the outlook is not optimistic, and the impact will be far-reaching.
Binance was fined 4 billion, which already drained a huge cash flow. After this, Binance's actions have been variously distorted, and in a short time, another 2.5 billion was drained. In the end, it is probably the industry's wallets that will foot the bill.
The days ahead may be very difficult, but it's not without solutions. The biggest variable is how Binance responds to this incident, which has become the key.
#CoinbaseQ3净利润转正，交易收入同比降43%
There is no such thing as a genius trader
It's just falling down again and again …
After countless times, the one who stands up
Isn't it?
