Protect the profits that have already been gained.

The market opened unfavorably on Monday, and due to the theft at Bybit this weekend, accounts were liquidated immediately to avoid risks and re-establish positions. For the impending downward trend, patience is essential; the process of a second dip is always challenging, and one must be bold in building positions.

Market Analysis for February 24, 2025:

Market Overview:

- Bybit was hacked, with over $1.4 billion worth of cryptocurrency assets stolen

- The incident sets a new record for the largest single theft in cryptocurrency history

- Market concerns about the security of centralized exchanges have intensified

Positive Factors to Note:

- Bybit quickly restored deposits and withdrawals, with ETH reserves recovering about 70%

- The bounty recovery program has attracted global cybersecurity experts to participate

Risks to Be Aware Of:

- The hacker attack reveals vulnerabilities in the exchange's security system

- User panic withdrawals exacerbate the run on the exchange

Investment Advice:

- Strengthen awareness of security measures for centralized exchanges

- Consider the potential advantages of decentralized exchanges

Risk Warning: Leverage is not the devil; it is merely a tool to enhance capital efficiency. Leverage itself carries no risk; the real risk comes from human nature.