#密码资产动态追踪 Many people asked me after entering the crypto space, why do I lose money when the market rises? Honestly, this bull market is indeed more complex. The reason for liquidation is often not IQ-related, but mindset and strategy misalignment.

The most common mistake for beginners is still dreaming of the last cycle. Some people did get rich quickly in the previous cycle, but that's basically unrealistic now. The current market is full of huge fluctuations, shaking people wave after wave. As long as you're still waiting for "a skyrocket," you're doomed to be stuck on the hillside.

My advice is straightforward: learn to avoid losses first, then learn how to make money. The common problem among beginners is blindly following the trend, thinking they are skilled after one win, completely ignoring capital protection. A few strict rules must be remembered—never open positions with full margin, avoid all-in bets, don't use high leverage, and don't buy impulsively during emotional highs. Only by controlling losses can you have the chance to keep fighting.

The biggest pit in the crypto world is never the rise and fall, but your own cognitive blind spots. Never touch coins you don't understand, no matter how hot they are—that's the bottom line.

Another fatal mistake is chasing hot topics. When you're still confused, following the trend will most likely make you the last bagholder. The hot sector rotation is so fast it's ridiculous. A few days ago, it was AI concepts, then it turned into the $SOL ecosystem, and in a few days, it will be RWA or L2 dominance. When you see the entire internet discussing a certain sector, it's usually the main players quietly pulling back.

There's also an often overlooked aspect—news timing. An important change in this market is that domestic news often lags behind. For example, a positive update about Ethereum upgrades might first be shared in overseas Discord groups, causing $ETH to jump 5% immediately. It might take 8 hours for domestic media to repost, by which time the best opportunity has already passed. Many people see the "good news" and rush in, only to get nailed at the day's high.

To survive this market, you need to learn to grasp the rhythm of information, pay attention to overseas market movements, and not always wait for domestic media to call it out—that's already too late.