The cryptocurrency market has once again been "educated" by the main players, and the long positions have collectively suffered a silent loss.
This kind of small black swan event is both sudden and disgusting – last time on the night of August 14, at least there was some inconspicuous data to wash the market, and they even shook the long positions a bit before pulling it up. This time, however, it was a direct hard hit, without even a script to act out, a typical scene of on-chain harvesting.
The market is like a gambling table; for every long position, there is a short position. When emotions run high, everyone desperately follows the long positions, thinking the bull market has no top. But the problem is, trying to short at the top is for the experts; ordinary people following the trend might accidentally reverse direction. Even if your position is large, you could easily find yourself back at square one.
Remember this: as long as you don't leave the table, there's a chance you could be washed out. Don't be reckless; keep your rhythm steady, and let's endure this together!
