Last night, the flash crash of $zkj and $koge led to some in the group going long while others went short, with some reaping profits and others learning lessons; at least it wasn't a wasted trade.

In fact, this wave didn't have much impact on most studios. They mainly operate during the day, and when one has a problem, the others will stop. The ones who are truly hurt are still the ordinary retail investors.

So after this, will alpha continue to be traded?

I think if most people really stop trading, it could be a buying opportunity, but it’s important to note:

1. Right now, alpha can no longer be traded, and I don't recommend jumping into coins that everyone is recommending. When a coin has high liquidity, it's easy to encounter problems. I used to dabble in every coin, but in the end, I also got stuck.

2. If you don't understand DeFi or impermanent loss, I don't recommend forming liquidity pools unless you are a professional with your own hedging strategy, but many coins currently also lack contracts.

3. I will still use my genuine trades for the coins I want to buy, buying at lower points and selling at higher points. If I get stuck, I’ll just hold on.