At three in the morning, you stare at the ETH/USD pair on the screen, chain-smoking one cigarette after another.
“This price is too cheap...”
$100,000 lies in your account, having remained stagnant for two full months. The market is bleak, lifeless, even the most dedicated ETH supporter Chen Jian has turned dark, tweeting 'I’m tired, let it all be destroyed.' But you are different; you sense an opportunity—ETH has dropped to a two-year low, technical indicators are oversold like a market-abandoned orphan.
“Interest rate hike? What a load of crap! That old fool Powell has been crying wolf for half a year, the market should have been immune by now.” You snicker, your fingers pounding on the keyboard, using 10x leverage, fully invested in long positions.
At the moment you placed the order, you even felt an inexplicable excitement, as if you could already see the K-line violently rebounding, your account doubling. You took a screenshot and sent it to the group: 'Bought the dip, brothers, should we not buy at this position?'
No one in the group replies.
At four in the morning, you lie in bed scrolling through Twitter, suddenly a notification pops up—“Breaking: Trump announces increased tariffs on China, U.S. stock futures plummet.”
Your hand shakes, the phone hits your face.
“Tariffs? That crazy old man is at it again?” You curse as you open the market software, ETH has already dropped by 5%, and your margin is starting to turn red.
“It’s okay, it’s just a pullback...” You force yourself to stay calm and even consider adding to your position.
But the market did not give you a chance.
In the next half hour, ETH plummets like a kite with its string cut. Your account goes from $100,000 to $80,000, then to $50,000, finally triggering a margin call warning. You frantically transfer funds, throwing in all the USDT you can add, your fingers trembling as you lower the leverage, but the price keeps dropping, falling as if it were going to zero.
“Impossible... this must be a washout...” You grit your teeth, your eyes fixed on the screen, your back already soaked in cold sweat.
Finally, at some moment, your phone vibrates.
“Your ETH/USD long position has been forcibly liquidated.”
You stare blankly for a few seconds, mechanically refreshing the page.
Account balance: $0.87.
You slump in your chair, your mind blank. The sky outside has brightened, sunlight streaming in, stinging your eyes.
“What the hell...” You suddenly grab the keyboard and smash it against the wall, plastic fragments scattering everywhere.
But soon, you calm down again.
“It’s okay... I still have my credit card.”
You tremble as you open the banking app, starting to apply for a temporary credit limit.
“Loan services are temporarily unavailable”...
You just remembered that last winter, your credit history had already gone bad. Your back is tense, anxiety and an inexplicable stinging sensation in your brain,
Looking at the mere $37 left in your WeChat balance,
This is probably going to force me to become a delivery thief.
You are an E Guardian,
E has never given you a way back.