SKHYNIX Hynix Hynix's recent drop has basically come to an end. It fell 60% from the peak, lasting a month and a half. This month and a half has probably been the worst period for the crypto space, almost as bad as last year's 10/11 black swan event. In April and May, the U.S. stock market storage sector was doing well, but no one paid attention—only our community was active. In June, crypto folks rushed in to go long on Western Digital, Hynix, and Micron. By July, the U.S. stock market saw a massive pullback. Many big influencers and well-known traders tried to bottom-fish and hold positions during this downturn, but ended up getting liquidated and leaving the market. Looking back, it's all lessons learned: Whenever there's an overly anticipated trend or overly crowded trades, we should stay alert. In trading, these situations often lead to the opposite outcome. Trading isn't about who can achieve crazy returns in the short term; it's about who can survive the longest.