FreedmanCrypto[互关版]

Got home in the afternoon and flopped onto the sofa, casually opened my account for a quick look. The screen was full of red. BTC $75,793, down 1% in 24 hours. ETH $2,078, SUI $1.00 down 2.6%, mainstream coins are mostly in the red. But the biggest surprise today was $DOGE. The whole market is falling, yet DOGE is green. A 1.2% increase isn’t much, but in today’s environment, it’s like seeing a flower suddenly bloom in a wasteland, impossible not to take a second look. Some say DOGE is a barometer of retail investor sentiment. Retail investors are still buying DOGE, which means market sentiment hasn’t completely collapsed. But if BTC keeps falling, this flower won’t last long. Also saw some news: OKX’s XLayer officially launched Exchange OS, integrating Glassnode’s on-chain data. Developers can directly build applications using exchange-level infrastructure. I think this direction is pretty right—no need to compete with Solana on speed, just open up the core capabilities. Patience is most tested when the market is cold. How’s your account today? 👇

Lying in bed scrolling through Twitter, the screen is full of panic, and the fear and greed index has hit extreme fear again. Honestly, I lost so much today that I don't even want to talk. $SUI fell below 1 dollar, $ETH just can't hold above 2000, and I don't even dare to look closely at my account. But while scrolling, I suddenly saw two pieces of news that stunned me. One is that SpaceX officially submitted its IPO prospectus, and the financial report shows a $1.45 billion $BTC holding. The other is a research report just released by Cathie Wood, where ARK raised the benchmark target price for BTC to $750,000 by 2030. While everyone else is running away, what are these big funds doing? Adding to their positions. BlackRock and Fidelity's BTC ETFs had net inflows of hundreds of millions last week, and even a rocket company like SpaceX treats BTC as a treasury asset, while retail investors are cutting losses at 73,000. I'm not saying you should bottom-fish now; no one should pretend to be a guru in extreme markets. But one thing is worth thinking about: during the last cycle when BTC dropped from 69,000 to 15,000, those who shouted "never touch crypto again" later regretted it. Did you cut losses today or hold on? Let's talk in the comments.

Habitually checked my OKX positions before bed, and wow, the screen is full of red (losses). $BTC is back around 73k, $ETH has been below 2000 and hasn't recovered, $SOL dropped from 265 at the start of the year to 81 now, basically a severe ankle cut. Even worse is $SUI, which fell more than 8% today, breaking below $1. I was adding positions around 1.5 last month, and now looking at my account just makes my eyes sting. The market has been falling since the morning open. As the US-Iran situation escalated, the whole market just gave up. The major indexes fell, altcoins suffered even more, $TRUMP dropped nearly 7%, and $DOGE and $PEPE also took a hit. It feels like the entire market is competing to see who can fall the most. Honestly, in today's market, talking about technical support levels is nonsense. When emotions are panicked, support levels are just there to be broken. The fear and greed index is probably at extreme fear again, but indicators are indicators; the losses in the account are real money, and no one can sleep peacefully relying on an index. That said, looking back at the last bear market, when $BTC fell from 69,000 to 15,000, who would have thought it could recover later? Now at 73,000, it has indeed pulled back quite a bit compared to the all-time high, but if you stretch the timeline, whether this is expensive or not might only be clear in two years. For those who lost so much today that you don't want to say anything, check in the comments to see how many people got hit like me. Good night, tomorrow is a new day.

Lying in bed at night, I’ve been watching the market all day from morning till night, and my eyes are sore. This morning, news of the US-Iran airstrike dropped, and BTC plummeted from seventy-five thousand directly down to seventy-three thousand, and it’s still hovering around this level. $ETH is even worse, the two-thousand whole number support has been completely lost, now it’s at 1988. $SUI dropped nearly 10% in one day, $BONK fell over 10%, and even $TRUMP is struggling to hold 1.85. But what struck me most today wasn’t how much the market fell, but who was selling and who was buying during the drop. The entire network saw liquidations exceeding one billion dollars, the vast majority being long positions getting wiped out. Retail investors were panic selling, and leverage was being knocked out wave after wave. But at the same time, there’s an institution called Strive that has already accumulated over 14,000 BTC, absorbing more in a single peak day than miners are producing. Retail investors are frantically selling, while institutions quietly take over — this picture was especially clear today. So should we be fearful or greedy now? It’s hard to say. But history repeatedly tells us one thing: the chips panic-sold by retail investors mostly end up in the hands of those who remain calm. Of course, staying calm doesn’t mean recklessly catching falling knives; position management is always the top priority. Do you think the panic is overblown, or is it just beginning?

Washing dishes after dinner, I casually placed my phone by the sink and checked the market. $SOL is now just over $80, down nearly 4% in the last 24 hours. But what really chills me isn’t today’s 3.89% drop, it’s that from the peak of 265 at the start of this year, it’s already lost 70%. Honestly, I used to think the Solana ecosystem had potential—high speed, low gas fees, active developers, and on-chain TVL once ranked in the top ten. But the recent months’ performance makes me increasingly doubtful: is this just a correction or a collapse of faith? Today the whole market is down, BTC dropped 3%, ETH 4%, but $SUI fell 8.6%, $BONK 9.4%, and $TRUMP 7.3%. Small and mid-cap altcoins are getting wiped out collectively, showing panic has spread among retail investors. Interestingly, when the big caps plunge sharply, some funds buy the dip, but this slow bleed—dropping a bit every day without any decent rebound—is what really wears down your mindset. I remember back in 2022 when FTX collapsed, $SOL once dropped to $8. Then it rebounded to 265, and many said Solana was reborn. Looking back now, those who jumped in above 200 have lost 60% on paper. Sometimes it’s hard to tell whether the project is failing or the entire market is. Usually, the market doesn’t fluctuate much at this time in the evening, but emotions are most volatile then. During the day, busy with work, you can distract yourself; at night, when it’s quiet, all you can think about are the numbers in your account. Do you still hold $SOL now? Are you still holding on or have you already sold?

Just sat down to eat, habitually opened OKX for a glance, almost dropped my chopsticks. BTC is still struggling to hold at 73,000, but the altcoins I heavily invested in have already bled heavily. $SUI dropped more than 8% in one day, $TRUMP fell 7%, and $BONK lost about 8% as well. The most ridiculous thing is that BTC itself only dropped about three to four percent, but these meme coins and small to mid-cap coins fell at twice the rate of the main market. To put it simply, every time the market shakes, the first to fall are these coins with the highest volatility. They soar the highest when rising, but they also fall sharply. After the news from the US-Iran situation today, there was another wave of liquidations across the network; many people didn’t even have time to set stop-loss orders before getting wiped out. I had previously taken a small position in $SUI, thinking the support was around 0.95, but now it can’t even hold 0.92. The unrealized losses in my account have deepened, but honestly, I’m numb today. From this morning until now, my mood has shifted from shock to numbness. At this stage, I’m more inclined to manage my positions carefully and avoid catching falling knives at this level. What’s really worth watching is whether, after the panic subsides, funds will flow from BTC into these oversold altcoins—that will be the next opportunity. How much did you lose on altcoins today? Did anyone hold on without selling?

I was just about to finish work and pack up, casually checked the market, and ETH directly dropped below 2000, reporting 1985, down more than 5% in 24 hours. This break below the round number is more unsettling than BTC dropping a few hundred dollars. 2000 is a psychological barrier for many, and previous times it dropped to this level there was capital supporting it, but today it seems no one is managing it. Looking at the whole market, SOL dropped to around 80, DOGE is under 0.1, BONK plunged over 8%, and PEPE fell 5.5%. The Meme sector fell even harder than the overall market today, indicating retail investor sentiment is breaking down, and panic selling is accelerating. One detail worth noting: the strength of each recent rebound is getting weaker and the volume is shrinking. This kind of slow decline is more exhausting than a sharp crash because you don’t know where the bottom is. Institutional ETP funds are also withdrawing, Mark Cuban publicly said he’s disappointed and exited, so who can retail investors expect to catch the falling knife? Personally, today was another day of heavy losses in my holdings, but I’m reluctant to cut losses at this point. Instead of staring at the account in distress, it’s better to think clearly about one thing: is this drop a short-term panic or a structural shift? If it’s the former, there will be opportunities later; if the latter, it might be time to reassess the entire position. Do you think ETH can hold around 2000, or will it continue down to find 1800?

After the meeting this afternoon, my phone was flooded with messages, all shouting that the US bombed Iran. I checked the market and saw BTC drop from 75,000 in the morning to around 73,000, SUI directly fell 8%, and the whole market was a sea of red. But what felt most surreal today wasn’t how much the market fell, but the $TRUMP coin. Trump personally ordered the airstrike on Iran, instantly escalating the Middle East situation and sending global risk aversion soaring. And the result? The meme coin named after him also plummeted over 6% today. Isn’t that ironic? The president himself is creating geopolitical risk, yet holders of his "faith coin" are getting buried in this panic. That’s how meme coins work: they rise on faith and emotion, and fall on panic and stampedes. No fundamentals, no cash flow, once the narrative breaks, it’s free fall. Today’s drop once again proves one thing—meme coins are essentially emotion amplifiers, magnifying greed when rising and fear when falling. In contrast, mainstream coins like BTC, although down, are still holding around 73,000, and ETH is struggling below 2,000. The whole market just needs a catalyst—either geopolitical conflict escalates further triggering a stampede, or panic bottoms out followed by a violent rebound. What’s really being tested now isn’t technical analysis, but mindset. Many got buried today; are you watching, preparing to bottom-fish, or have you already cut losses?

In the afternoon, I brewed a cup of tea and sat down, habitually opened my account for a glance—— Good grief, the unrealized loss number jumped again. $BTC dropped to 72,000, $ETH fell below 2,000, and the whole market is a sea of green. This morning, news of a US airstrike on Iran hit the market, instantly wiping out a billion dollars, and now the market is slowly digesting this negative news. The worst hit is $SUI, down more than 9% intraday, dropping from over one dollar straight down to just above ninety cents. This kind of "after the first drop, there’s a second wave" pattern is even more tormenting than a flash crash. At least a flash crash is straightforward; this kind of slow bleed, checking your account every half hour and seeing the numbers shrink bit by bit, is mentally tougher than going straight to zero. To be honest, I still hold some positions without moving. Not because I’m optimistic, but because I’ve cut losses at the bottom too many times and no longer dare to act rashly. But do I feel secure holding? Not at all. Every day I open my eyes it’s green, close my eyes it’s still green—when will this kind of day end? What the market fears most now isn’t the negative news itself, but not knowing where the next negative news will come from. Middle East tensions escalating, institutional funds withdrawing, ETF net outflows—each one alone might be bearable, but stacked together it becomes the awkward situation of "everyone’s running, and I’m still holding." Did you cut losses today or hold on? Share in the comments to boost each other’s morale.

I couldn't help but take out my phone to check OKX during lunch break, and I almost threw up the food I just ate. $BTC dropped to around 72,800, Ethereum directly broke below the psychological $2,000 mark, and SUI fell nearly 9% in one day. The whole market looks like it was doused in blood, with the screen full of red (green in crypto charts means price down). Yesterday, as soon as the news of the airstrike between the US and Iran came out, the market crashed immediately, wiping out $1 billion in leveraged positions overnight. The worst feeling isn't losing money, but that feeling of "knowing it would happen but doing nothing about it." Just the day before, I was telling friends to be cautious about the escalating Middle East situation, yet I didn't reduce my positions at all. Talking about risk control but holding all leveraged positions—that's probably the fate of retail traders. $ETH is now at $1,977, already more than halved from the high at the beginning of the year. $SUI dropped to 0.91; a few days ago, some were still shouting "SUI is the next SOL," but looking at this trend now, that faith is shattered. $TRUMP is even more ridiculous, at $1.87; the once "president coin" now isn't even worth a fraction. To be blunt, in this market, the best thing to do isn't to bottom-fish but to first ask yourself how much longer you can hold on. Those who got liquidated are already out, and those who haven't are still licking their wounds. The market won't sympathize with you because you lost money; it will just keep moving forward. That said, every time panic reaches its peak, it might actually be an opportunity brewing. When LUNA collapsed in 2022, those who dared to catch it at the bottom later multiplied their holdings several times. Of course, the premise is that you survive until that day. Can your current position still hold? Have you thought about stepping out to take a look first?

I was scrolling through my phone during lunch when the notifications exploded— the US launched airstrikes on Iran. In an instant, the entire market tanked, BTC plummeted from seventy-five thousand straight down below seventy-three thousand, and the total liquidation amount across the network surpassed 1 billion USD. My long positions didn’t even have time to trigger stop-losses; I watched the numbers in my account drop without even putting down my chopsticks. Honestly, this kind of crash triggered by geopolitical conflict is the most frustrating. Technical analysis, news, fundamentals—all become irrelevant; a single missile can wipe out all analysis. $ETH dropped nearly 4%, $SUI was hit for a 7% loss, and altcoins turned into a sea of red. But thinking calmly, this panic selling is often an extreme short-term emotional release. War won’t change the long-term logic of the crypto market, but it instantly exposes positions with excessive leverage. The real liquidations aren’t from the bears, but from those who are fully loaded with leverage betting on direction. After every black swan event like this, the market reshuffles. The key isn’t how much it fell, but where the funds flow after the drop. How’s your account today? Were you hurt by this sudden event?