Brothers, the market is too hard to play right now. After getting on Binance, I've been capped. The final high point valuation is still at the initial tweet valuation of 500 million dollars.
CZ does make a good point; a few hours after the news was announced, all potential buying pressure went on-chain, reaching its peak before going public. Additionally, early holders dumped directly to CEX users to complete their sales. Doesn't this accelerate the escape of exchange users? For exchange users to profit, many times it seems like the only option left is to short. Accepting more than 90% is usually a loss, unless you are a noble BNB lossless mining player or a steadfast BTC holder.
I have to say that players on exchanges are really having a tough time. If you want to short, there is a gap of several hours between contract trading and spot trading. If the spot price falls back to pre-listing levels, should you short or not? However, holding on to the short still yields profit. TST and BERA, the negative rates of BNX skyrocketed but still plummeted, no exceptions.
There are still many people on-chain who have achieved great results with TST, like Brother Milk, Wang Xiaoer, and many others. But it’s also quite cruel; only a few have made big gains, while many others who participated later at higher prices are losing money.
This is what they call a general's success comes at the cost of countless bones; 100 people lose for 1 person to gain. If this were the previous bull market, I would still question who was losing money when both altcoins and Bitcoin were at ATH. In the current version, it’s PVP to the extreme; one person’s large profit means more people’s losses, wealth has been transferred, and the speed is faster with shorter cycles.
#比特币盘整将持续多久? #链上韭菜的自我修养