Cryptocurrency Circle at 4 a.m.: After a Sharp Drop and Massacre, 90% of People Are Pretending to Sleep

On the sidewalk at 4 a.m., the cold wind slices like blades across my face, but this cold is nothing compared to the piercing sensation from the red numbers in my crypto account. After half an hour of cold wind, I still haven't come to my senses—the relentless global crypto slaughter has finally knocked this "naked swimmer" onto the sand.

No one could have predicted that this decline would be so brutal. Mainstream coins collectively halved, while altcoins set new decline records by the hour. Assets once hailed as "value valleys" have now become black holes devouring funds. Opening the market app, a never-ending green waterfall floods the screen, with margin call alerts popping up one after another. The entire market is shrouded in panic, liquidity has dried up to the point where even selling off assets requires queuing. This is not just a correction; it’s capital’s precise slaughter of retail investors.

The most ironic thing is that after the crash, countless "prophets" suddenly appeared in the crypto circle. On social media, there are screenshots of "experts" confidently bearish: "I said it would drop to the 75K level" "The 2000-point target has never changed." They earnestly educate me on "lack of risk control" and "insufficient cognition," with a tone of superiority saying, "If you had listened to me earlier, you wouldn’t have lost."

I really want to ask these "gurus": since you are so perceptive and predicted this crash long ago, where are your short positions? Why do your precise predictions, down to the decimal, only stay at the talk stage? The crypto world has never lacked armchair strategists; what it lacks are brave warriors willing to verify their judgments with real money. I admit my ignorance and incompetence, having heavily invested while neglecting macro environment and regulatory risks, but at least I dare to show my real holdings and admit losses—winning is luck, losing is a lesson, and both are my own choices.

The ones I feel most sorry for are my brothers who trust me. Some followed my lead to add to their positions and got trapped; others leveraged up and got liquidated. Late at night, I receive their words: "It's okay, try again next time," and it hurts more than the cuts from selling. We always think that luck can help us leap in the crypto world, but we forget the brutal reality: the scythe always outpaces the leek. The so-called "wealth code" is most likely a trap for harvesting.

This crash has taught everyone in the crypto circle the deepest lesson: no asset can only go up. Behind the high returns of cryptocurrencies are risks that ordinary people can hardly bear. Under the tightening regulatory environment, the era of wild growth in crypto is coming to an end. Those relying on hype and emotional trading will eventually be eliminated by the market.

The wind at dawn gradually subsides, and dawn is approaching. The night in the crypto world may not be over yet, but I know that only by facing risks squarely and respecting the market can we survive this storm of blood and tears. May all investors hurt in the crash learn their lessons, so that when the next wave comes, we can catch it with a smile instead of leaving in tears.