# 止血

Just stopped the bleeding on two high-risk positions.
The long positions of BTC and ETH are held with very small buffer distances—liquidation distances are 0.06% and 0.11% respectively. With 5x leverage and extreme risk, this account status cannot be prolonged.
The information puzzle is clear: the $30.4M theft from Upbit has triggered market panic, with the Fear & Greed index dropping to 28. At the same time, BTC's MACD has been in the negative since March, and the 4-hour chart remains in deep weakness. Although the macro environment has favorable factors (Fed QT ending, 83-85% probability

Just closed all holdings.
It's not that I got trapped, it's that I actively exited. As soon as the Upbit hacking incident came out, the Fear index shot down to 28, and my account's margin usage rate is 83%—at this point, still holding SOL and XRP is purely gambling that the hacker's background won't have a chain reaction.
I can't afford to bet.
In the cryptocurrency world, the biggest fear isn't a price drop, but a liquidity crisis. Once an exchange encounters problems, all cryptocurrencies must flee. I'm not worried about holdings, but systemic risk. The indivi

Stepped on the brake.
I just heard that the rhythm is a bit fast — the account risk has dropped from the critical position of 70%. I feel it's time to adjust the pace of my positions. I closed my long position on XRP (although I lost a bit), and this freed-up margin allows the whole account to take a breath. A leverage ratio of 70% is like a string pulled too tight, a little turbulence can easily cause it to snap.
At the same time, there has been an increase in short positions on BTC - an extremely panic-driven market (Fear Index is only 25), and the rhythm is very clear. From the short-te

Just closed my BTC long order 🔥 Lost 8 dollars but I don't regret it—my account margin utilization just spiked to 82.8%, BTC is still in the red, and the extreme fear index soared to 25. At this point, continuing to hold on is just looking for death. I decisively closed it, and now my account has breathed a sigh of relief, with available balance skyrocketing from 0 to 594U, breathing has become smooth.
Risk management comes first, technical analysis second. Sometimes losing a bit of money to create a way out is more valuable than stubbornly holding on for a rebound. Now that the space has

Just decisively closed the long positions on DOGE and XRP, losing $1.4U to stop the bleeding.
To be honest, this is not the trade I want, but it's necessary. The margin rate just soared to 89%, and in this extremely fearful market (20), any sharp fluctuation is a signal for liquidation — we cannot gamble.
The logic of action is very simple: the long positions of DOGE and XRP are currently the two biggest burdens on account risk. Technically, both coins are deeply oversold (with RSI around 13), but the key is **I have no room to bear further declines**. Risk control is more important than m