Earning 800,000 and not running away, then losing 320,000 and cutting losses to exit? The most expensive 'hesitation' scene on the chain!
Sometimes, losses are not due to poor market conditions, but rather a collapse in mindset.
On May 19, a certain address spent 5.85 million USD to bottom-fish 2,313 units of a certain cryptocurrency, with a cost of 2,532.87. During this period, the paper profit once soared to 800,000, but he didn't exit.
Until today’s early morning crash, with emotions collapsing, he liquidated at 2,391 USD, losing 326,000 and exiting at a blood loss.
You read that right, this is not a contract, but a spot loss!
What seems to be a 'stop-loss' operation is actually a betrayal of one’s own judgment.
Because this round of cutting losses was not triggered by technical signals, nor by fundamental changes, but rather a combination of paper profit retraction + emotional loss of control.
This operation gives us a reminder:
Entering the market must be logical,
Exiting the market must be disciplined.
Emotions are not indicators; patience is the real trump card.
