1. 58,000 people hold on to the edge of the $89,000 cliff

“When Bitcoin plummeted from $89,000 to $73,000, 58,000 people on the entire network chose to resist the order - they survived the 15% plunge, but fell in the last 3% rebound before dawn.”

71% of them are users of 3x or more leverage contracts, and the average holding time is less than 6 hours

52% chose to “wait” when the price fell below $85,000

“Do you think you can win by withstanding the plunge? The [automatic position reduction mechanism] of the contract has already buried a meat grinder: the rebound is just a bait, and the liquidation is the end.”

2. Three fatal illusions of those who resist singles$

1. The trap of “buying the dip when the price falls back”

Data truth: Historically, after Bitcoin retreated more than 20% from a key resistance level, there was only a 23% probability of rebounding to the previous high within 7 days.

How many people in 2023, when the price was $42,000, resisted the order to $35,000, and finally lost 82%

2. “The dealer is more anxious than I am” fallacy**

- When the price fell below $85,000, large investors’ holdings decreased by 37%, while retail investors’ holdings increased by 21%

Miners transferred 120,000 BTC to exchanges in 7 days (worth $10.4 billion), and selling pressure continued to accumulate

3. The delusion of “I can hold on until the bull market”

Cost formula:

After a 50% loss on an order, a 100% profit is required to recover the investment

If you use 5x leverage, a 20% price fluctuation will trigger a margin call.

3. The “invisible butcher knife” of contracts: three mechanisms you don’t understand at all 1. Automatic reduction of position (ADL)

When market liquidity is insufficient, the profit-making party’s position will be forced to reduce, and high-leverage resistance order holders will be harvested first.

In the March 2024 crash, the number of ADL triggers surged 300% year-on-year

2. Funding rate sucks blood

When the long position ratio is greater than 70%, the funding rate can reach 0.3%/day → an additional 9% loss of principal for 3 days of holding the order

3. Mark Price Manipulation

Influence the mark price through small extreme transaction prices, and accurately break through the liquidation line of the resistance order

When the BTC market price was $87,000, the market maker created a flash crash at $84,000, and then quickly pulled it back after the liquidation.

IV. Survivor's Guide: 3 Steps to Recover Your Capital in a Meat Grinder

Step 1: Stop loss immediately and refuse to be martyred

Life-saving function:

Open [Take Profit and Stop Loss] → Set "Automatically close position when loss reaches 5%"

Switch to [Loss Reduction Mode] → Prevent reverse order opening after margin call

Step 2: Use hedging tools to change your fate

Hedging portfolio:

Spot position + short opposite contract (e.g. holding 1 BTC, short 0.5 BTC contract)

Use [Combined Margin] to reduce the risk of forced liquidation

Step 3: Emotional fuse training

When the price fluctuation is greater than 3%, uninstall the app for 2 hours

How much more tuition do you have to pay for your "anti-single faith"?

Risk Warning: This article does not constitute investment advice. High leverage transactions may result in total loss of principal. $BTC