Mechanism Capital联创：确保注意风险，不要把所有赌注都押在一笔交易上

Golden Finance reported that Andrew Kang, co-founder of Mechanism Capital, said on social media, I have realized that this is the first complete bull market for many people, which is surprising. Throughout the bull market, BTC’s multi-day decline was extremely limited, at only about 20%. Many people seem to have leveraged in the last adjustment in April. However, in the previous cycle, we often experienced a contraction of leverage, resulting in a collective loss of 100s of billions of dollars due to a 30-60% reduction. Different cycles, different patterns, but when people are too comfortable and think that nothing can happen, disasters usually strike. Although I am bearish, this is not to tell you to short the market or sell everything in the market. Just make sure to be cautious of the risks and not put all your bets on one trade. If our trend exceeds expectations, this trade may make you lose miserably. The optional value of having reserves is infinite. We will see a new high for Bitcoin in 2025 (but not for all other currencies). But this does not mean that we will not see extreme corrections within a month’s time frame. The market will not spare anyone.