It's actually crazy how hard this game is and how many aspects in your skill tree that you can focus on leveling up. So many paths you can take to extract value from this space.
Beyond that the stress becomes your longevity.
Being profitable feels like passing the tutorial in hindsight.
After that you gotta worry about if it's even worth your time to actively participate vs just trying to buy cheap bitcoin and continuing with your life as it was. Aka can you even outperform the cycle?
If you can beat BTC then the question becomes "Ok but can you do this well enough to support yourself (and maybe a family) for a living for decades?" or is beating BTC ruining every other aspect of your life leaving you a shell of yourself?
Then "Ok but does your edge even have longevity? Can your edge be eroded? Can you effectively continue to find new ones? Are you the weapon or is the market?"
If your edge is catered towards risk-on moments only then "Can you make enough quick enough that you don't have to worry about it?"
Constant stress of several mini-games and boss checkpoints along the way.
The only thing in your power is your determination to out work, out think and out grow your competition but more importantly, your former self.
Best game I've ever played.
One thing to note of is that people in spot either capitulated or are holding/reloaded for glory gains in supposed alt season.
Traders don't have a large amount they're willing to sell at these levels because the drop was so abnormally extreme.
Also,
Downside pressure will mainly come from lev shorters & will instead become fuel upwards given the amount of liquidity left behind during the LTF downtrend prior.
Some people are looking for wick fills below and think these resistance levels will hold is purely TA, think further.
I should note that I think we should break through relatively easily as shorters in that resistance zone will add to the uptrend fuel.
All the conditioned traders looking at price action from large liquidations in the past will not be given another chance to reaccumulate again.
Some levels to reclaim here for ETH particularly that I'm looking at.
We're nearing it, a good candle close and we start sending into early-mid November top likely.
Other alts likely will follow this pattern imo:
Most alts will run up categorically, rising in groups & rotations as they need concentrated liquidity.
For example: dino coins -> privacy -> gaming -> RWA, etc.
Once one sector starts and reels in eyes, they run the rotation playbook while hype and liquidity follows through.
Some levels to reclaim here for ETH particularly that I'm looking at.
We're nearing it, a good candle close and we start sending into early-mid November top likely.
Other alts likely will follow this pattern imo:
Low % for another leg down. People are sidelined for Monday open/marking levels below before being risk on.
We wiped a lot of OI and cleared all resting HTF liquidity. They don't wait for you to reload, they want you to have FOMO and find riskier means ASAP to get back in.
V.
My thoughts on yesterday’s crypto crash:
TLDR: We’ll be fine. We always are.
I’ve been in this industry for 9 years now, and I’d say I’ve really seen it all. The COVID crash, the $LUNA meltdown, the FTX collapse, you name it.
But what we witnessed yesterday felt very different from most things I’ve experienced before. While many coins look completely wrecked on the charts, it didn’t feel as dramatic to me as some of the true black swan events we’ve seen in the past.
Don’t get me wrong, I’m not trying to downplay it. Yesterday was the largest liquidation event in crypto history, and my heart genuinely goes out to everyone - friends, colleagues, and beyond - who suffered massive losses that will take a long time to recover from. I wish this on no one.
However, while we still don’t fully understand what happened, the big difference this time is that there doesn’t seem to be a fundamental reason for such an extreme crash. Sure, Trump’s tariff threats against China might have started the dump, but that alone surely doesn’t justify -99% crashes across major caps.
It really feels like something went seriously wrong behind the scenes at Binance or a major market maker, triggering a one-of-a-kind liquidation cascade that wiped out liquidity across the board and sent some assets literally to zero.
As much as I criticize Binance at times, they’ve always had the most robust trading infrastructure in the industry. So seeing price action like this even happen on their platform felt very strange, and even stranger was the fact that Binance literally stopped working for 10–20 minutes when I tried to buy those -90% dips.
That suspicion grew even stronger when I switched to DEXs to buy. Prices there for assets like $PUMP or $JTO were around 25% higher than on Binance. Tokens like $CARDS, which aren’t listed on major exchanges, were affected significantly less. Normally, during fundamental market crashes, it’s exactly the other way around.
Rumors are already flying, and I’m sure we’ll get more clarity in the next few days. But from what I can judge and from almost a decade of living and breathing this industry: my gut says this was a massive technical issue, not a fundamental one.
And that, to me, is bullish.
For context, the COVID crash and FTX collapse hit me hard. Back then, I genuinely thought it might be over. I remember feeling anxious for days, even weeks, questioning my entire future in this space.
This time felt completely different. I bought immediately, and after reflecting for about 10 hours, I want to buy even more.
I know many of you are going through a tough time right now, and I’m deeply sorry for your losses. Nobody could have predicted this and trust me, even the biggest OGs and professionals in this space got hit badly.
But nothing fundamental has changed about this industry. The only question you should ask yourself right now is:
“How much do I truly believe in crypto long term?”
If you doubt that crypto as a whole can survive or thrive long term, I understand why you might be too afraid to buy right now. But in that case, you probably weren’t here for the right reasons to begin with.
As for me, I have zero doubt. This industry isn’t just here to stay, it’s on track to 10x from here and beyond. It’s only a matter of time.
So why would I panic over a technical glitch that caused prices to drop -99%? Of course, it’s painful, but rationally speaking, this might be one of the greatest opportunities you’ll ever get in your lifetime.
Don’t bury your head in the sand, not after everything we’ve survived over the past years. Events like this separate the wheat from the chaff, the winners from the losers.
If it’s even remotely possible for you right now, just survive. That’s all you need to do.
I promise you, you won’t regret it.
Every prior larger liquidation (relative) event this year has retraced to varying degrees before making LTF local lows again.
I don't think we see a slow bleed again, it's what everyone is conditioned to and expects. It's too "obvious" for market to go up like this, but it will.
I feel that most are echoing not to revenge trade and take a break after a large cascade for price to find its equilibrium, or waiting to see price test retracement levels before entering.
I feel there is a lot more fear and sidelining so I'm bidding on that basis.