$WCT

My position, the moment it was 'targeted'

That day, I was watching the perpetual contract for WCT and opened a long position. The market seemed to be moving in a rhythm I thought I had caught, but little did I know it was all just a 'trap'.

The funding rate soared, the market sentiment was overly exuberant, yet my long position never closed. On one hand, it was greed; on the other, I wanted to see the breakthrough trend one more time. However, during my continuous position increases, I distinctly felt something was off—market anomalies, large orders on the wall, high-frequency short-term running, and false price breakouts that plummeted straight to my liquidation point.

In that moment, I realized my position might have been 'targeted' long ago.

On-chain, especially on some perpetual contract DEXs, liquidation prices, position sizes, fund flows, and operation frequencies are all publicly transparent. The 'smart people' on-chain use MEV strategies, bot arbitrage, and liquidation sniping to watch your address. Once you show a weakness, they can collaborate to pump or dump the market, accurately pushing you into the abyss—because they know you can't 'hold on'.

After that experience, I truly understood the meaning of CZ's words: 'On DEX, everyone can see your orders, which is even more deadly in perpetual contracts.'

We seek freedom through decentralization but lose our privacy and competitive space in excessive transparency. Dark pool-style perpetual contract DEXs might just be the answer this era needs. What is being protected is not just the position, but the dignity of the strategy. After all, in this arena, no one wants to be a transparent prey. $WCT #加密市场回调 #中心化与去中心化交易所 #交易类型入门