The market will never give you an opportunity when you're comfortable.

In the past 24 hours, over $1 billion in liquidation occurred across the entire network, making long positions especially painful. Some traders were wiped out of their 25x ETH longs this morning, leaving no position behind. Interestingly, the same people then threw in another 600 ETH, still full of energy to go long again. This is the self-discipline of the retail investor—if you don’t die from the fall, you can stand up again.

Right now, the community is still arguing whether the market will go up or down, but honestly, short-term predictions are worthless. When the market is so chaotic, all kinds of technical analyses are flying around, and listening to any of them can easily lead to a loss.

Instead of obsessing over the trend, it’s better to see the real situation clearly: leverage is still being continuously liquidated, and there are only two types of people left in the market. One holds spot assets without moving, and the other still has ammunition and the resolve to wait until dawn.

The difference is really that simple.

When you’re most confused and restless, the market will force you to make a choice. Do you hold on to what you have, or do you have the ability to add more? Do you get anxious watching the price fluctuate, or do you have the capacity to wait for a true reshuffle in the chip structure?

So the last question hits hard: do you still have enough bullets in your gun to get through this round?