$BIO Just brushed into someone saying bio is the leader, then looked at the 3-day K and daily K line, who is losing money and who is making money. The leader may just be someone who first smashed 95% of the opening to cash out, then washed for a few months and used part of the cash to pull the market 😂. Recently, many coins have been halved at opening, and it seems that many follow the same routine as last year's solv, bio, etc., and recent bdxn, dam. Even looking at WLFI seems to have a bit of a borrowing idea. Anyway, after going online, they won't budge, first selling spot and long contracts, directly cashing out, and then seeing how they feel about the market before pulling it up again.

Additionally, I heard that WLFI's early private placement or subscription cost was at 0.015 and 0.05, with 100 billion units. Project analysis shows that just selling subscriptions can earn tens of billions of dollars. Does a project construction require an investment of tens of billions of dollars?

Because most of the crypto market also belongs to zero-sum games, if a new coin is to be profitable, the project party has to make money, the market maker has to make money, and those who grab free airdrop coins have to make money. Besides the vast number of retail investors participating in contract and spot trading, I can't think of anyone else who would bear this loss. So I have always avoided new coins because the mechanism dictates a high probability of loss. (Everyone stay away from coins that are likely to be cut.)

I have been saying that I wanted to short this contract early on because its market cap is super large. Now looking back, it should have reached a market cap of 17 billion. A coin that can't even get on the spot market has a market cap exceeding the WLFI created by Trump 😂, but analyzing the logic of the market isn't difficult to understand; early on, 99.7% of the spot was concentrated in the hands of the main forces, and no one had the need to sell. How could the price drop? It means the main force has complete control of the market. High control doesn't necessarily mean it will keep rising, but it completely abandons the spot to trade contracts, cutting wherever there are more people, and after it rises, we haven't participated at all.

This crypto market is ultimately too crazy, because the threshold is low and many people enter the crypto market without any exposure to stocks or futures, possibly thinking trading should be this way. When one day they realize what kind of market this is, they may have already gone to zero and left. Then the crypto market continues to open its doors to clueless newcomers.

So try to focus on mainstream contracts, doing more slightly stable major coins like Bitcoin and Ethereum, etc., the altcoins we have always operated at far less than a 1x leverage, if calculated, it's almost like 0.25x leverage.