The bull market of 2025 feels like a hellish trial. On one side, the crypto market rebounded after evaporating $1.3 trillion over three months, accompanied by extreme volatility and countless liquidation tragedies. On the other side, Bitcoin surged from a low of $40,000 at the beginning of 2024 to over $120,000, continuously breaking new highs.
In terms of market sentiment, traders are primarily driven by greed (46.85%), mixed with significant fear and a neutral phase, facing a trading environment of extreme volatility and strong FOMO emotions.



As X user Killing Wolf said: This bull market is of hellish difficulty, only true believers can reap the fruits of victory!
This article will focus on star traders in the crypto market, revealing the brutal veil of the market through their gains and losses, as well as our response strategies.

The hellish bull market is not only a challenge for ordinary investors but also a trial for star traders. They are often known for their high-risk, high-reward style, but their experiences also highlight the cruelty of the market. Below are several relatively well-known star traders; some are good at long positions, some excel at short-term trading, some started with small funds, and some are extremely sensitive to macro information, but their final situations are all, without exception, going to zero or even losing money.

1. James Wynn
● Trading Style: Bold and aggressive, primarily trading long positions in PEPE and BTC. Skilled at capturing early opportunities in high-potential tokens, often increasing positions repeatedly during price fluctuations. Frequently shares positions on social media to attract attention but is also targeted by whales, often rebounding after falling to stop-loss prices.
● Peak Performance: Achieved over ten thousand times profit early on through PEPE, holding 1.23 billion BTC long positions; turned from $0 to $87 million in floating profit within 70 days.
● Loss Situation: Multiple liquidations led to giving back all profits and losing $23 million.



2. Insider Bro qwatio
● Trading Style: Sensitive to macro events, skilled in short-term operations, with a high win rate. Has frequently opened positions like an 'insider trader' before key time points.
● Peak Performance: Capital surged from $3 million to $26 million; made a profit of $2.15 million in 40 minutes by capturing macro fluctuations of BTC and ETH, achieving rapid doubling.
● Loss Situation: Account ultimately went to zero; lost $25.8 million in leveraged short liquidation within 3 hours; total losses exceeded $28 million.



3. AguilaTrades
● Trading Style: Enthusiastic about high leverage + rolling positions, prefers BTC and ETH. Win rate depends on market trends but ignores position diversification and emotional management, often returning to heavy positions immediately after losses.
● Peak Performance: Grew capital from $300,000 to $41.7 million.
● Loss Situation: Lost $37.6 million, with only $30,000 left in the account.


In addition, there are star traders like jasonleo who went from floating profits of $700 million to zero, suffering heavy losses in this hellish bull market.

Under the baptism of a hellish bull market, the trading situations of star traders serve as a mirror, reflecting the brutal reality of the crypto market, and reminding us: only by restraining greed and maintaining rational strategies can we survive in the market. X user Web3 philosopher commented: Many people are actually gambling, but mistakenly think they are trading. Many people are actually gamblers, yet claim to be traders.

Gamblers on the left, traders on the right, the two seem to be only a thin line apart, but in fact, they are worlds apart.

The former often relies on luck and emotional driving, buying heavily at market peaks and panic selling at lows, neglecting timing and position control. The latter views the market as a battlefield, devising rigorous strategies: using technical analysis, fundamental research, and stop-loss mechanisms, diversifying their portfolios, and maintaining emotional neutrality.

The three star traders introduced above have also once reached the pinnacle, but ultimately experienced a dramatic turnaround from peak to zero due to 'seeing red'.
In a bull market, timely profit locking is a key strategy to avoid wealth evaporation. The market is highly volatile; although prices can skyrocket from lows, pullbacks can often wipe out all profits. Timely locking of principal provides a layer of insurance for one's positions, allowing profits to be utilized for operations, ensuring long-term survival in the market.

At the same time, we should strengthen emotional management. Here, emotions not only refer to not getting overly excited during heavy losses, maintaining restraint and calm, analyzing where the strategy went wrong, and then adjusting and starting over; it also means not flaunting large position orders, staying low-key, trading smartly, and protecting your funds from being targeted by whales.

In this hellish bull market, glory and traps coexist; the crypto circle is never short of opportunities to make money, but lacks investors who master restraint and rationality. Only they can survive in the tide of greed and laugh last.