From a Debt of 50,000 to Earning 1 Million in the Crypto Space: I Did These 3 Things Right When TRB Plummeted by 80%
In the early hours of New Year's Day 2024, I experienced a life-and-death situation in the crypto world. TRB crashed from $593 straight down to $209, losing nearly 80% in 24 hours, with over $71.68 million in liquidations across the network.
While others suffered massive losses, I made a tenfold profit from this market movement. All thanks to these 3 actions I executed in the 2 hours before the crash:
1. Precise Prediction Before the Crash: On-chain Data is the Escape Code
On the evening of December 31, 2023, I noticed 3 anomalies on-chain:
Whales started offloading: The top 20 addresses transferred 660,000 TRB to exchanges in one day, accounting for 26% of the circulating supply, clearly preparing to pump and dump.
Funding rates were extremely abnormal: Binance's perpetual contract rate soared to +2% (normal is ±0.01%), indicating that long positions had become too costly, and the market makers were likely to force a short squeeze before dumping.
The price difference across platforms was too large: TRB on OKEx was 20% more expensive than on Binance, a typical liquidity trap created by market makers, indicating false prosperity.
I immediately cleared all my TRB spot positions and opened a 20x short position on OKX at $576, setting a stop loss at $590, risking a maximum of 1.4%.
2. During the Crash: How Retail Investors Can Counterattack? Just Follow These 3 Steps
At 6 AM on January 1, TRB began to plummet, crashing from $593 all the way down to $209.
I executed three key actions:
Dynamic profit-taking: When the price dropped to $300, I first closed half of my position to lock in profits; at $250, I closed another 30%; I took profit on the remaining 20% around $200, achieving an average return of 8.7 times.
Hedging risks: I used 30% of the profits to go long on USDT to prevent my fiat account from getting liquidated in a sudden spike.
Counter-buying at the bottom: When TRB dropped to $180, I noticed large purchases on-chain—100,000 TRB flowed out of exchanges. I immediately used the remaining funds to buy at $185, and sold after a 48-hour rebound at $350, netting another 1.8 times in spot profits.
This isn't a miraculous operation; it's the result of strict execution.
While others see a crash as a risk, I already knew—it's an opportunity. But the prerequisite is to understand the signals, withstand emotions, and most importantly, have the courage to plan ahead and take action.
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