$OM's collapse led to the liquidation of $66.97 million in the past 12 hours. The bull market of OM has risen from a low of $0.01 to a high of $9.1, an increase of nearly 500 times. It is one of the few cryptocurrencies with such impressive gains. However, with such a significant 500-fold increase, shouldn't retail investors be able to profit easily? The reality is different; when OM was at its low, its market capitalization was only tens of millions of RMB. The previous bull market saw a decline of up to 98%. There are thousands of similar cryptocurrencies in the market, so how can retail investors find 'which one is the next OM with growth'? Few dare to invest at lower levels and hold on. Most retail investors only start paying attention when OM has already risen to around $1, at which point the risks have already begun to appear. Therefore, during this decline, almost all retail investors' leverage was liquidated without exception, with 10 positions being cleared, each worth over $1 million.

We should focus more on what we can learn from the collapse of OM, especially when facing the potential 'countless OMs' in the future.

The sharp drop of OM had already shown signs of risk in its fundamentals and market trends, indicating that the decline today on April 14 or 24 is not important, and it is even less relevant to the overall bullish or bearish trend of the industry.