我现在就哭

Binance's 2025 annual bill is out. This year has also had peak moments, with contracts earning a lot, and the highest following order reaching 300,000 USDT. However, it ultimately fell short as opportunities were missed and risks weren't managed. Not only did the following order fail, but I also lost everything myself. This year, the biggest waste of time has been alpha; if you're going to do it, focus on it exclusively and don't trade, instead of trying to do both at the same time. In the end, trading lost money, and alpha couldn't be pursued anymore. Risk management is the most important; if the risks aren't recognized, mistakes will repeat. There are only zero or countless liquidation events; it's human nature. Therefore, if you don't want to be liquidated, avoid trading contracts. When trading contracts, use separated accounts; after a liquidation, shift to new funds to start again, dividing funds into multiple contract accounts instead of putting everything into contracts, which makes it very easy to hold positions!

Ethereum now has a market value of 380 billion, with a coin price of 3128; in 2022, it had a market value of 380 billion, with a coin price of 3233. SOL's market value in 2025 is close to 75 billion, with a coin price of 134. During the last round when the market value was 75 billion, the coin price was 247. So do you know what you are dollar-cost averaging into? Choosing the wrong investment has wasted youth.

$ETH Why did it rise tonight? The Federal Reserve has officially ended QT!

What is QT?
QT (Quantitative Tightening) is a series of policies by the Federal Reserve to retract money, reducing the amount of money in the market and making it easier for assets to depreciate.

What does the end of QT mean?
The Federal Reserve will no longer withdraw liquidity, reducing the pressure of funds in the market, which will stimulate rises in the stock and cryptocurrency markets.

Does the end of QT mean the beginning of QE?
QE (Quantitative Easing) is the opposite of QT, where the Federal Reserve implements a series of policies to inject money, increasing the amount of money in the market and making it easier for assets to appreciate. Usually, after QT ends, QE will begin after some time, but it depends on the circumstances and may not start immediately.

When will QE start?
This depends on economic conditions (inflation, employment), and we should pay attention to the Federal Reserve's meeting on December 9-10.

$BTC Major benefit! Tomorrow, the second largest asset management company after BlackRock, Vanguard Group, will launch a BTC ETF. Isn't purchasing power coming? Isn't there a buyer? Even a small position can be a significant amount of money!

This multiple order does not have a heavy position, and after reaching 3099, it has not been closed. Another rebound will definitely be below 3099; each rebound is weaker than the last, unless strong capital enters the market to push it up. Currently, there are not many favorable factors in the market, but there are plenty of negative ones.

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Cleared #FIL/USDT and #NEARUSDT , actually I have quite a few of these small altcoins, all bought on October 11th. After buying, I could have sold them the next day, after all, the chips picked up during the big drop rebound and then sell. I thought it was the bottom and wanted to wait, but instead, it kept oscillating and going lower, especially the past two days when there was another wave of big drops, really dropped like crazy. However, FIL and Near have surged sharply, it really feels like a return of the altcoin bull market. Next, the market could really see which altcoin will skyrocket, then take turns soaring, each coin rising sharply for several days then slowly rising with the market, the market sectors taking turns to surge, the altcoin bull market rotating, and finally the overall market collapsing, heading towards zero silence. The 1-2 years after the bull market sees the most severe drops, during the World Cup no one cares, the trading volume in the market is very low, exchanges won't even open every hour to check, the coin prices are stable with no fluctuations, unlike now where it dances wildly every day, not knowing how it will rise or fall.

ZEC doesn't dare to be greedy, shorted at 721 for a few seconds and pulled to 770, losing several thousand; dropped to 700, closed half, dropped to 680, closed half again. Just now I directly closed all positions, honestly going to sleep. Eventually, it will drop back to the original price, but there is only one top for shorting. If you are not at the top and it rises back up, it will be difficult. In contract trading, we should choose to trade with money we can afford to lose, not with losses we cannot bear. Those who shorted at 200, 300, 400, 500, including those this afternoon at 600, were confident, but the next step is liquidation, heavy losses. Those who haven't been liquidated are still suffering. Trading really tests human nature; it's hard to hold onto profits. What if it reverses and blows up? So not only should we trade with small amounts, but trading unstable coins also requires stop-losses, and you should be able to bear the loss. I hope friends losing money in ZEC can reflect on this. Today, I made two trades and wasn't greedy; otherwise, the afternoon one would have blown up because the risk was too high. Prioritize controlling risk before determining gains and losses.

$ZEC The fluctuations are too large, jumping up and down. I just made a profit of 2300, and in the blink of an eye, it was wiped out. For such highly volatile coins, it feels a bit like gambling. I suggest using a small position to bet small for big gains, rather than opening many positions and losing everything. If you're unsure, just keep trading in small positions, gradually, using only the money you can afford to lose, rather than gambling with money you can't afford to lose!

Do not go long without a dip
Haven't been trading much lately, just playing games every day
Holding spot in this market is very torturous, those who went long are even worse off
The market lacks confidence
Those who bottomed on October 11 and haven't sold are now starting to incur losses

On 10/22, alpha quadruple split BTG, today still 2 trades of BTG2100u, buying 0.1 above the market price and selling back 0.1 below the market price. Instant buy and sell transactions, with two quadruple trades at a volume of 16400 wearing down 0.6u in a day. Alpha actually finds good quadruple coins, brushing transaction volume at the right time, with daily wear and tear of about 0.5-0.6, which amounts to around 20u in a month. The yield from airdrops has indeed decreased now, and there might be significant risks inside, but the main point is that the early TGE is still decent, so there's no need to give up on it, as it's something that can be done easily every day.

Today Alpha still chooses BTG four times, and also checks the reverse order. If not, update to the latest version, sell at 0.1 higher than the current price and 0.1 lower than the current price. Basically, the orders are executed immediately for buying and selling. Quickly complete four times the score, two times 2051 four times is 16400 level.

On November 20th, completed a quadruple score increase at the level of 16400 in 20 seconds.
Today is still BTG, as shown in image 1, buy and set reverse order sell.
Buy 0.1 higher than the current price, the reverse order is 0.1 lower than the current price.
Instantly complete the buy and sell, two transactions of 2400 quadruple to a trading volume of 19000, the entire process takes less than 20 seconds.
Currently, alpha points are 256, no airdrop claimed, recently only participated in TGE.

alpha today quadruple points sharing
The quadruple for AOP has ended, and when I checked after a transaction, there were no quadruples. I chose BTG to earn points, and the battle ended in 30 seconds. Make sure to check the reverse order when buying, and the buying price is slightly higher than the current market price, while the selling price is slightly lower than the current market price, resulting in minimal loss. 16400 was completed in about 30 seconds, and in fact, today I earned 19,000 points. The directional order combined with quadruple points was very fast, with wear and tear of about 0.5u.

$SLERF Binance itself does not have SLERF spot, nor does it incorporate on-chain prices into the marking price (index) calculation. Its contract index can only capture OK spot; however, OK spot has closed its recharge channel, leaving only 180,000 U of 'dead inventory' in the order book.
Thus:
The entire Binance slerf contract index source = a 180,000 U depth 'island' order book, an on-chain pool of 20 million U, and a market value of 30 million U that cannot come in at all, with the index being 'locked' at that little bit of volume from OK.
Without an arbitrage pathway, those wanting to 'move bricks' to push the OK price back cannot deposit or withdraw, and cannot move the goods on-chain to OK to smash the market; as long as the contract bulls continue to buy, the OK spot can only be 'airlifted' up, and Binance's index can only follow.
The liquidation of Binance contracts and funding rates are all bound to this 'artificial index', with shorts being continuously force-liquidated and paying funding fees, while longs self-reinforce, forming a 'single-machine' positive feedback—contract order books play among themselves, completely isolating real on-chain liquidity.

Some treasures participating in TGE do not know about hedging through short selling. If you buy 3 BNB to participate in TGE, and worry about the price drop causing losses, you open a short position for 3 BNB in the contract. Whether BNB rises or falls, you have locked in your position. Do you understand? After the TGE new issuance ends, you can sell BNB. If you don't have a contract to short, then if you buy BNB at the peak this afternoon to participate in TGE, you will lose over 100 dollars because the wallet crashed. If you sell too late, you will lose 150 dollars, and the profits from your new issuance will be directly offset. Next time, after buying BNB, remember to short 3 BNB.

Reflection on this round of crash
The market volatility during the crash is significant, which does not mean that buying the dip is without risk. Profits can vary, and the risks are low. This round of crash caused USDT stablecoins to decouple, while WBETH dropped to a minimum of 430, whereas Ethereum was at 3600! BNSOL fell to 34, while SOL was at 170! These wrapped coins experienced significant price discrepancies due to low liquidity in extreme market conditions, losing their peg, but they will soon level out, making them a quick and safe way to profit.

The market cleaning this time was too thorough, the 4700 short position was liquidated, and when I looked up, the long position I opened before sleep was trapped. I thought it was an illusion, but when I looked at Ethereum at 3600, I immediately went in to buy. Then I tried to connect my second phone to the internet but it wouldn't open, it really stressed me out. The money transfer was always abnormal; Binance's transfers are really about to collapse. Buying, buying, buying in spot, immediately opening a contract position. Then I looked again and the volatility was very large, quickly calming myself down, buying all in spot, opening a very small contract position, not exceeding 50 Ethereums. The volatility is very large and extremely unstable. Spot Ethereum pulled up to 4300, clearly someone wants to stir things up, continuing to explode the short positions, but the contract price difference is too big. The contract Ethereum only reached 3900, clearly someone is also not planning to let the shorts off the hook.

How is it?

Short selling profits are hard to get, I reduced a lot of Ethereum last night, it rises sharply and falls sharply, so I'll keep 10 ETH to see how the market changes.