At the cost of $406 million, the market has taught us a lesson intertwined with blood and tears.

The liquidation of $305 million in long positions is the result of countless sleepless nights staring at candlestick charts, the roar of ambition supported by leverage collapsing in an instant. Numbers are cold, but behind them are burning desires and unwillingness—some try to seize the opportunity, only to fall into the abyss; some bet everything, only to lose to the unpredictable.

However, true rebirth begins with the awakening after facing the abyss. Liquidation is not the end; it is the starting point for reshaping one’s understanding: the market never shows mercy to luck but always rewards reverence. Those crushed positions will eventually turn into soil, allowing the seeds of discipline to take root and the branches of risk management to flourish.

Please remember—the amount of loss can be quantified, but the rationality and resilience forged from it are the sharpest weapons on the battlefield of the future. When the fall is the hardest, it is often closest to a rebound. May we learn to dance with risk from now on, to stand firm in the storm, and when the next dawn breaks, let regret become a medal. #美国加征关税 $BTC