From a Debt of 50,000 to Earning 1 Million in the Crypto World: The 3 Key Decisions I Made When TRB Plummeted by 80% (A True Experience from Last Year)
On January 1st last year, I experienced a life-or-death moment in the crypto world. TRB dropped from $593 to $209, a nearly 80% decline within 24 hours, with a total liquidation of over $71.68 million across the network.
Not only did I avoid this bloodbath, but I also earned ten times the profit—this all stemmed from the 3 key decisions I made 2 hours before the crash.
1. Accurate Prediction Before the Crash: The 'Escape Code' of On-chain Data
On December 31, 2023, I noticed three abnormal signals on the TRB chain:
1. Whales Selling Frenzily: Data showed that the top 20 whale addresses transferred 660,000 TRB (accounting for 26% of the circulating supply) to exchanges on December 30, which is a typical precursor to a 'pump and dump.'
2. Abnormal Funding Rate: The funding rate for TRB perpetual contracts on Binance soared to +2% (normally ±0.01%), indicating that long positions had extremely high costs, and the market makers might force a short squeeze and then dump.
3. Price and Spot Premium: The TRB price on the OK platform was once 20% higher than on Binance; this cross-platform price difference is usually a fabricated boom created by market makers taking advantage of insufficient liquidity.
Action: I immediately cleared all my TRB spot positions and opened a 20x short position at $576 on OKX, setting a stop loss at $590 (a loss of 1.4%).
2. Survival Rules During the Crash: The 'Counter-Harvesting' Strategy Every Retail Investor Must Learn
At 6 AM on January 1, the TRB price suddenly crashed, plummeting from $593 to $209 within an hour. At this moment, I did three things:
1. Dynamic Profit-Taking: When the price dropped to $300, I manually closed 50% of my short position to lock in profits; when it fell to $250, I closed another 30%; finally, I held the remaining 20% until it approached $200 and took all profits, achieving an average return of 8.7 times.
2. Hedging Risks: I used 30% of the profits to go long on USDT (stablecoin) to prevent my fiat account from being liquidated in extreme market conditions.
3. Buying Opportunity: When the price dropped to $180, I noticed signs of 'whale buying' on-chain (100,000 TRB flowed out of exchanges), and decisively used my remaining funds to buy spot at $185. After 48 hours, I sold at $350, earning another 1.8 times.
Limited to rational investors who can execute as planned
