After losing 2 million in the crypto market in 2023, I used 100,000 in principal to turn things around with a real review

In March 2023, after going all-in on LUNA and facing liquidation, my account went from 2 million to zero, leaving only 8,672 yuan.

Late at night, upon receiving the news that "BTC dropped to 16,000, what about perpetual contracts?", I stared at instant noodles and decided to take one last gamble with my remaining 100,000 savings.

This time, I focused on doing just one thing: focusing on on-chain data; setting a strict rule—no single loss exceeding 2% of the principal, only taking trend trades on a weekly basis, withdrawing 20% of the principal when profits reached 50%; giving up on altcoins and solely focusing on BTC/ETH/USDT perpetual contracts.

On April 10, CME saw 2,000 hands of premium long positions, and a whale continued to increase positions at 16,200. I placed a 20x leverage long order at 16,180 with a 5% position. When the price dropped to 15,800 and hit the stop-loss line, I noticed the cost of holding short positions surged.

Counter to instinct, I withdrew the stop-loss, added margin, and reduced leverage to 10x. After 48 hours, I took profit at 17,900, bringing my principal back to 118,000.

In June, ETH rebounded from 1,800 to 2,100, and influential figures were wildly praising the "halving market". However, I noticed insufficient trading volume and a significant increase in OKX's open interest.

I placed a short order at 2,080, and nearly hit my stop-loss at 2,145, but due to the long position accounting for 78% and the funding rate skyrocketing, I gritted my teeth and adjusted the stop-loss. Half an hour later, I closed my position at 1,920, making a profit of 16,000, and the principal exceeded 150,000.

On Saturday, October 28, I noticed that B's BTC reserves had continuously dropped by 23,000 coins, and Grayscale's GBTC premium rate had narrowed. On Sunday night, I placed a 5x leverage long order at 27,800, and when the market opened on Monday, BTC gapped up, allowing me to close at 30,000 and earn 22,000.

Later, I learned that the SEC was preparing the Grayscale to ETF filing. By the end of December, my principal had rolled to 680,000.

Now, I use a maximum of 5x leverage and always include a stop-loss. When my principal was 300,000, I began studying the in-depth data of futures companies, which was the key to understanding large funds.

These strategies helped me grow from 100,000 to 2 million in just 3 months. If you are also on the road to recovering your losses—please think carefully first: do you want to earn money steadily based on your understanding, or continue to gamble once more?