Recently, I saw a huge address being liquidated on the on-chain data again. This is nothing new in the crypto market. No matter how much money is in the account, a single greed can turn it into zero instantly. This rule has been constantly validated throughout the entire last year.

In the 2024 silent war in the crypto world, many celebrities quickly reached the top and then fell rapidly. Some relied on high leverage to stubbornly hold onto a one-sided trend, going from millions in profit to complete loss; others made enough short-term gains and wanted more, opening 40x leverage long positions at high levels, only to be wiped out near a billion in a single correction, finally mocking themselves with "money isn't real." Even whales in spot trading and Meme coin regulars have hit rock bottom, either trapped by liquidity traps or flipping over in greed.

What’s even more heartbreaking are the security vulnerabilities. Multi-signature wallet private keys being stolen on the same device, hot wallets being emptied in a moment, hackers stealing coins and then manipulating trading to incur losses—these things sound absurd but have all actually happened.

Currently, the market is fluctuating around a market cap of about 3 trillion USD. The flow of stablecoins and ETF funds has become a key signal for short-term trend judgment, and recent volatility is unlikely to subside.

Experienced traders want to share a few truths: First, don’t gamble with money you can’t afford to lose; leverage over 5x is already gambling; second, large assets must be stored in cold wallets—this is not an option, but a necessity; third, for high-risk assets like Meme coins, allocate at most 5% of your position, and mentally prepare for zeroing out.

The crypto world is never short of legends of overnight riches, but what’s most scarce is those who can survive until the end. Those who can survive long-term are not necessarily the smartest, but the most disciplined and patient. In this market, calmness is always more valuable than intelligence.