Hello everyone: Let me tell you a little story

At 3 AM, when the K-line suddenly pierced through the support level, Xiao Zhang's 100x leveraged long position was forcibly liquidated in 0.01 seconds. It was only when he saw his account balance drop to zero that he truly understood the bloody rules of the contract market—this is not an investment arena, but a slaughterhouse carefully designed by the market makers.

The essence of contract trading is a zero-sum game arena built by the platform. When you open a 100x long position, the opposing side is not a specific short position, but the entire market mechanism. The exchange holds the data on liquidation points across the network, and the market controller only needs to create a 1% price fluctuation with a small amount of capital at key points to trigger a series of liquidations with dozens of times leverage. Data from a leading platform shows that the average survival period of contract users in Q1 2023 was only 17 days.

This strangulation is even more brutal on small cryptocurrencies with high control. Observing on-chain addresses reveals that the top 10 addresses hold over 70% of the circulating supply of projects, and the rise and fall of the K-line is merely a puppet controlled by the market maker. There was once a MEME coin that experienced 20 instances of "painting the door" within an hour, with liquidation volumes reaching three times that of spot trading; this is by no means a spontaneous market fluctuation.

The true survival rules are hidden in three dimensions: first, controlling leverage; exceeding 20x is basically equivalent to suicidal gambling; second, stay away from contracts and turn to spot trading, even if you incur losses, preserve the spark for a comeback; most importantly, diversify your allocation, distributing funds to mainstream coins like BTC/ETH, compliant platform wealth management, quality project airdrops, and other low-correlation sectors. Research from an investment institution shows that investors who combine more than five non-correlated assets have a 300% improvement in risk resistance. When the market is filled with the temptation of the "hundred times myth"

The clear-minded have already seen through it: in the contract market, the platform earns fees, the market makers eat up the liquidation money, while you bet your entire fortune. This is not a shortcut to wealth freedom, but an abyss that devours reason. Remember, in this dark forest without regulation, survival is the highest strategy.