
0xSun|Oct 10, 2025 22:43
Been in the crypto space for over four years, and honestly, this is the first time I’ve seen something like this—tons of altcoins crashing 80–90% in an instant.
That’s why the most important skill in crypto is still risk management. As long as you survive, there will always be opportunities. Whether it’s buying depegged USDE, wbETH, bnSOL, or going for those mainstream coins, you can make money—it’s just a matter of how much.
But if you happened to go long on altcoins, even with 5x or 10x+ margin, you might still get liquidated. That’s a complete disaster.
Luckily, my hedge positions—despite all the altcoins getting ADL’d along the way—still outperformed my longs. I was busy closing positions just now and didn’t have time to buy other coins, so I won’t be flexing profits on Twitter or anything. After all, for most people, this kind of black swan event is far more negative than positive.
After January’s Trump pump, I’ve been in a semi-resting, chill mode for a few months. But over the past three months, the market has felt more active, so I’ve gradually gotten serious again. From public sales of Pump, ETH longs hedged with altcoin shorts, XPL, Eigen, and a few other alts, to the recent BSC chain plays—I’m pretty satisfied with my overall performance. I’ve basically achieved the results I wanted. That said, after these intense days of chain-watching, I’m feeling a bit drained. This seems like a good time to take a step back and recharge.
Wishing everyone good luck. Surviving is the most important thing.
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