Brothers! Just today, the largest short position on Hyperliquid for ZEC was directly 'blood washed' by the market to an unrealized loss of $14.5 million! If you understand this operation, you can avoid a major pitfall; if you don't, you might be the next one educated by the market!
Let's take a look at this crazy script: ZEC surged 15% in a single day, with the current price soaring to $586, while this short-selling big shot built his position at an average price of $294, resulting in an unrealized loss of 250%! Even more astonishing, he started building short positions on October 11 and kept adding to his position as the price rose, stubbornly refusing to believe in the 'trend.' As a result, he has been repeatedly crushed by the market, suffering an unrealized loss of $14.5 million!
This situation has sounded a loud alarm for us — going against the trend in the crypto world is like a suicidal operation! Don't think you can go against the market; when the trend comes, even if you are the 'chosen one,' you won't be able to hold on. The market is always right, and going against the trend will only result in being picked clean to the bone!
So, looking at this situation, what will the future trend of the crypto market be? I’ll tell you from the bottom of my heart: the short-term market sentiment has been completely ignited! If a coin like ZEC can exhibit such extreme market conditions, it indicates that funds are frantically looking for opportunities, and market risk appetite is at an all-time high. In this situation, the short-term market is likely to remain strong, but brothers, remember — extreme conditions = extreme volatility. Behind the surge lies the risk of profit-taking causing a sell-off; chasing highs is like sending meat to the scythe!
Let's talk about the 'pitfall avoidance guide'; this is essential knowledge for survival:
First, never go against the trend! When the trend is clear, either follow it or wait and see. Those who stubbornly hold their positions will only face liquidation.
Second, the news is a catalyst, but don't let a single piece of news cloud your judgment. You need to combine technical and fundamental analysis from multiple dimensions; otherwise, you'll just be the 'leeks' harvested by the news.
Third, controlling your position size is crucial! In extreme market conditions, a light position is the only way to survive; if you go all-in, you won't even have a chance to regret it when you face liquidation.
I am A Qiang, focused on the crypto world for many years, sharing useful and diverse professional knowledge. If you are destined to meet, who will guide you if not me? Follow A Qiang, and I'll help you unlock the ins and outs of the crypto market, clearing the fog surrounding it. I hope our encounter will be filled with kindness and rewards!
BTCUSDTPerp104,847.6-0.22%
