GM, just woke up and checked the market situation. It's a bloodbath; some people got liquidated, some made a killing on arbitrage, and others just had a bit of spot loss. As for me, I lost a bit on some dog tokens with BNB. The main position on-chain is $giggle, and it performed really well, got it on spot. It's normal for contracts to get liquidated in such extreme market conditions. Anyone who experienced 312 or 519 has been liquidated before. Back then, it wasn't just a single spike; altcoins dropped 80% and could still drop another 80%. First, the long positions got liquidated, and then those who added margin or tried to catch the bottom got liquidated too. I got liquidated for 20 million during 312... so I've always been cautious with contracts; it hurt me a lot back then. I closed my short positions on altcoins too early, which is one area I didn't handle well. The logic is quite simple: as one side rises, the other falls. When everyone starts playing on-chain, especially when you see some secondary traders getting involved, it indicates that secondary altcoins are losing attention and liquidity, making it a good time to short those junk altcoins, like FF, XPL, and MIRA. I could have made an extra few hundred thousand dollars if I hadn't closed my shorts early. I actually knew this logic before, but I forgot this time, mainly because the pace of this BSC wave was too fast. Seeing others make tens of millions made me a bit anxious, and I didn't think through my secondary strategies. Adjusting my mindset, in this market, making less isn't a big deal; surviving is the most important thing. I'll give myself a passing grade for my recent operations; I didn't make a killing, but I also didn't lose a lot of money.
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