Hello everyone, I am Daniu, a trader who has been working in the crypto market and experienced the alternation of bull and bear markets; I am also a crypto analyst in the Dasigua community.
Achievement Review
Yesterday, when market sentiment weakened, I still held on to long orders, and eventually the stop loss was triggered due to misjudgment. Although the account once had a floating profit of 88%, I failed to stop the profit in time, resulting in profit taking and exiting the market at a loss.
Yesterday's long order was stopped out, and I reflected on the reason. The main reason was that I opened the order in my emotions, which is a taboo in trading.
The continuous profits made people get carried away by the victory and entered the market prematurely when there was no clear entry signal.
A blessing in disguise. The market uses stop-loss orders to collect cognitive taxes, and we use discipline to exchange for long-term survival rights. This thousand-dollar tuition fee bought three things that are more precious than profit:
1. Clearly map your weaknesses
2. Absolute respect for system signals
3. A deep understanding of probability games
This lesson will also make me more rational in subsequent operations. Lessons are growth packages given by the market, and every stop loss is a carving knife for the trading system. Keep evolving, let's encourage each other!
Back to the main text
Introduction: When “system loopholes” meet “human nature arbitrage”
In the cryptocurrency market, technical failures of exchanges are not uncommon, but few cases lead to legal prosecution. Recently, Bitget’s VOXEL price fluctuated abnormally due to a trading robot failure, and some users took the opportunity to arbitrage. The platform directly issued a lawyer’s letter, demanding the recovery of $20 million in “unjust enrichment.” Behind this storm is the question of who should bear the cost of technical errors, and it is also an open questioning of the power boundaries of centralized exchanges.
Event review: 30 minutes of "wealth loophole"
On April 20, 2025, the price of VOXEL/USDT trading pair on Bitget soared 200% in half an hour due to a robot failure, and the trading volume soared to $12.7 billion. Some users made arbitrage through quick buying and selling, and some even made millions of profits with a principal of only $100. However, Bitget subsequently froze 8 accounts and issued a lawyer's letter to recover the funds, promising to return the recovered $20 million to users through airdrops.
Focus of the dispute:
User perspective: Market arbitrage is the norm, so why do users have to pay for exchange loopholes?
Platform position: This is malicious manipulation by organized "wool-gathering gangs" and they must be held accountable by law.
Three core contradictions: technology, rules and trust
Who should take the blame for the technical loophole?
Bitget said the failure was caused by a trading robot, but users questioned: Why did the platform risk control fail to intercept abnormal transactions? If technical errors occur frequently, should the exchange bear the main responsibility?
Analogy case: In 2023, an exchange rolled back transactions due to a similar failure and ultimately compensated users out of its own pocket.
The legal boundary between arbitrage and manipulation
The crypto market has always recognized arbitrage, but Bitget believes that the accounts involved in this case "maliciously profited" through the association operation. The question is: how to prove "malicious"? Do the exchange terms clearly prohibit such operations?
The effectiveness of a lawyer’s letter: In the crypto world where decentralized thinking is prevalent, legal means may arouse user resentment and even accelerate the outflow of funds to DEX.
The “Power Paradox” of Centralized Exchanges
Bitget's freezing of accounts and rolling back of transactions exposed the "centralized privilege" of CEX. Users began to reflect: If exchanges can change rules at will, how can asset security be guaranteed?
The community is divided: supporters, opponents and rationalists
Supporters: They believe that holding people accountable is necessary to maintain fairness; otherwise loopholes will be exploited repeatedly.
Opponents: Criticized Bitget for “not being able to afford to lose” and resorting to legal action over technical issues.
Rationalists: Call for the disclosure of evidence of the accounts involved and the improvement of exchange vulnerability emergency protocols.
Personal opinion: Crisis public relations and industry enlightenment
Bitget’s “Double-Edged Sword” Strategy
Although the lawyer's letter shows a tough attitude, it may backfire if it cannot provide conclusive evidence of "malicious manipulation". A better solution may be to take the initiative to bear part of the losses + make technology upgrades transparent, rather than shifting the conflict to users.
Rebuilding trust in CEX
This incident once again reminds users that the right to interpret the rules of centralized exchanges always lies with the platform. In the future, CEX needs to rebuild trust in the decentralized era through smart contract audits, bug bounty programs, and other means.
A warning to arbitrageurs
Although it is tempting to profit from loopholes, we must be wary of the exchange's "revenge". Compliance arbitrage should be based on public rules, not system defects.
Conclusion: Vulnerabilities are not only a touchstone, but also a mirror to expose evil
The VOXEL incident is like a mirror, reflecting the technical shortcomings of exchanges, the speculative mentality of users, and the different understandings of "fairness" in the crypto world. Regardless of the outcome of the lawyer's letter, this incident has sounded the alarm for the industry: between the ideal and reality of decentralization, CEX must find a more transparent balance.
Today's Strategy
The AERGO long order I shared with you this afternoon is currently near the entry price and you can get on board.
Bullish basis: After breaking through the EMA moving average at a small level, it stepped back to confirm support, and the MACD also showed a short-selling situation, which means it is about to usher in a wave of accelerated rise (as can be seen from the figure)
Operation point: stop loss 0.19, first take profit 0.21, target 0.23
VOXEL long orders, also near the entry price
Bullish basis: The K-line trend continues to remain above the EMA moving average, and the trend is strong. At present, it is in a volatile trend, digesting the selling pressure. Once the digestion is completed, the market will rise.
Operation point: stop loss 0.07, first take profit 0.081, target 0.09
That’s all for today’s article! There will never be a lack of opportunities in the industry, and investment is not just about choosing the right currency, choosing the right team is the key! Brother Niu is looking for 100x codes and opportunities to get rich quickly every day, striving to bring everyone wealth freedom as soon as possible!#空投发现指南 $SUI #以太坊的未来 $TRUMP #特朗普税改 $OM
