The massive drop on 1011 indeed defies logic, but it precisely highlights a brutal truth about the crypto market: most of the time, it's all very inexplicable.
Compared to the previous 312 and 519, at least those had some policy background to discuss. What about 1011? Purely an emotional collapse. The underlying reason is simple—leverage was stacked too aggressively, liquidity couldn't support it at all, someone started to sell off, and then it evolved into a collective panic.
Honestly, 90% of the big drops in the crypto market can't be explained logically. We like to play the role of Zhuge Liang after the fact, trying to find various reasons for price fluctuations, but in reality, it's just a game of market sentiment and capital flow.
That's why I've always emphasized using a gold standard mindset in trading—strictly controlling position sizes and managing risks well. The market can crash at any moment, for any reason, or even for no reason at all. Building mental resilience and planning your positions carefully are the keys to surviving longer.
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AirdropHunterXiao
· 18h ago
Leverage traders only realize what "the market has no logic" means at the moment of heavy losses, really.
Not every decline has a story; sometimes it's just a dump to trigger collective panic and run away, period.
Post-event armchair strategists are the most annoying, and now they're starting to fabricate policy backgrounds again.
Strict position control is truly never enough, no matter how many times you say it.
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HodlOrRegret
· 18h ago
Haha, the fate of leverage players—technical analysis charts are useless, in the end, it's all about psychological resilience.
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The worst part is being a Monday morning quarterback; who could have predicted that day? Anyway, I got wiped out.
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The phrase "90% can't explain the reason" is spot on; the market is just so magical.
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The gold standard mindset really saves lives; otherwise, countless people would have been liquidated long ago.
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Unexplained flash crashes are the most terrifying; they are hard to defend against.
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Living long > making quick money; this is truly ingrained in my bones.
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People with good position management should be fine on 1011, right? Or can everyone not withstand it?
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People who bring up policy backgrounds after the fact are the most annoying; isn't it more honest to just stay silent?
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PumpDoctrine
· 18h ago
1011 That wave was indeed outrageous. When the leverage collapses, everything is over. To put it simply, it's like going all-in in a casino.
There are too many analysts afterward; in fact, no one truly understands the market. They're just making up stories after the fact.
The point about position management is correct; otherwise, you're just waiting for the moment of liquidation.
This market is so surreal. There's no reason, only survival or death.
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MEVHunterZhang
· 18h ago
Leverage stacking so aggressively will eventually be paid back. This time, 1011 is a vivid lesson.
Everyone can be a Monday morning quarterback afterward, but the key is to survive until that moment.
Really, playing without controlling your position is pointless. The feeling of being wiped out in a flash crash is just too despairing.
The massive drop on 1011 indeed defies logic, but it precisely highlights a brutal truth about the crypto market: most of the time, it's all very inexplicable.
Compared to the previous 312 and 519, at least those had some policy background to discuss. What about 1011? Purely an emotional collapse. The underlying reason is simple—leverage was stacked too aggressively, liquidity couldn't support it at all, someone started to sell off, and then it evolved into a collective panic.
Honestly, 90% of the big drops in the crypto market can't be explained logically. We like to play the role of Zhuge Liang after the fact, trying to find various reasons for price fluctuations, but in reality, it's just a game of market sentiment and capital flow.
That's why I've always emphasized using a gold standard mindset in trading—strictly controlling position sizes and managing risks well. The market can crash at any moment, for any reason, or even for no reason at all. Building mental resilience and planning your positions carefully are the keys to surviving longer.