After the contract liquidation this morning, I simply turned off my phone and the internet

and had the best, most restful sleep I've had in a week.

I've been having sleep problems for a long time now.

I've only experienced liquidation twice in my trading career; I was always making money and then simply couldn't hold on anymore and liquidated in my sleep (of course, I had set reminders, but I was too tired). The last time was ten times worse than this one.

I've come to understand some things about the crypto world; if you're interested, you can check out my last post on my homepage. I'm too lazy to type it out again, and if you're not interested, feel free to skip it.

I never gamble on event contracts; I open positions with small capital and adjust my direction based on trends, never using over 50x leverage on perpetual contracts, avoiding altcoins, and only doing long/short hedging with Bitcoin and a few high-market-cap value coins.

So as long as I'm awake,

I can always maintain a flat position and make money.

Both liquidations happened because I was just too tired and fell asleep; both times I was liquidated within two hours when the market spiked in the early morning.

It's not enough for retail investors to have extreme strategies; you have to stay awake for 25 hours to make money—isn't that too harsh?

The current crypto contract market is this brutal,

especially since May of this year, we've entered an era of highly controlled markets; even Bitcoin is controlled, let alone others? The market makers and certain exchanges are colluding based on on-site data to eat both sides, and those exchanges also take extra fees.

It's really profitable and truly clever; there aren't many industries where you can get three bites from one fish.

Otherwise, you can't explain the spike to 104,000 followed by a quick drop this morning; it's clearly market manipulation to liquidate shorts, and if it goes further down, it will liquidate longs.

There are many show-offs in this circle; I only welcome crypto friends to communicate, regardless of whether your trades are better than mine. I don't welcome show-offs who just like to argue, thank you.

There's a saying: extremes lead to reversals.

If you cut the retail investors too harshly and too quickly, then I'm sorry, but I can't play contracts with you anymore.

Market makers are adjusting their strategies, and retail investors will also adjust their strategies.

You come up with all sorts of tricks, and I can only respond with consistency.

Anyway, I've figured it out.

In the crypto world, if you think you're smarter, you'll never outsmart the market makers and certain exchanges.

But if you're a bit clueless, they might find it hard to cut you off.

Those old players who understand this will know what I mean, so I won’t elaborate.

Additionally, if the contract market continues to only allow market makers to make money while retail investors don't play along, the ecosystem of the circle will inevitably collapse sooner or later.$BTC