2025-12-26 15:21:11

Despair often breeds hope, but when hope arrives, many have already fallen before dawn.

Seeing the post in Moments about Sister Bei liquidating her last ETH, I paused for a long time. "Endured the bear market three years ago, only to almost die in this bull market." That sentence hit hard. A loss of millions led her to go all-in cash and wait for the next opportunity.

The data is in front of us. As of November 2025, Ethereum only saw price increases in March, July, and August. Even with Wall Street ETF funds pouring in continuously, in this so-called "bull market," the months of decline accounted for three-quarters. Someone started buying Ethereum in April 2021 and held long-term. Four and a half years later, at current prices, their returns are basically back to the starting point.

This is not an isolated case. Having navigated the crypto market for many years, I want to share my observations from the past 181 days.

**Market Sentiment: The True Face Behind the Data**

In the past day, nearly 160,000 people were liquidated in the crypto market, totaling $580 million. This scene is no different from the "epic liquidation" on October 11 — that day, major global exchanges liquidated over $19 billion worth of assets in one go.

Data from sentiment monitoring platforms show that negative discussions about Bitcoin, Ethereum, and XRP are sharply increasing. Worse still, long-term investors are starting to flee en masse. On-chain data indicates that in the past 30 days, long-term Bitcoin holders have sold approximately 815,000 BTC, the largest sell-off since early 2024.

When big players are fleeing, the fate of retail investors can be imagined.

ETH-0.6%

BTC-0.18%

XRP-0.91%

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ser_we_are_ngmi

· 4h ago

Sister Bei's moves I can understand; sometimes surviving is more important than winning. --- Enduring three years and almost dying in this round, is this the fate of crypto... --- 81,500 Bitcoins dumped down, retail investors are still dreaming. --- Four and a half years back to the starting point? I wonder what the point of this buy and sell is. --- Large investors run away, retail investors take over, why does this script feel so familiar? --- Despair breeds hope, right? Might as well die first. --- In five months, the price dropped three-quarters, I've never heard of a bull market like this. --- Every time they say the next opportunity will be better, Sister Bei's recent liquidation was a bit clever. --- 160,000 people liquidated in one day, isn't that scarier than a horror movie? --- Long-term holders are collectively fleeing, and some people are still telling stories here.

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ApeWithNoFear

· 4h ago

I understand Sister Bei's move this time; a million-dollar loss is indeed hard to bear. But honestly, whether staying out of the market now is right or wrong, it's really hard to say. --- Four and a half years back to the starting point? That's ridiculous, really just holding for the sake of holding. --- 81.5 million Bitcoin dumped out, retail investors are going to be buried alive. --- Endured nearly dying in this round three years ago, just hearing that is so ironic. When will this end? --- Big players run away, retail investors take over, this trick has been played for so many years and is still so ruthless. --- $58 billion liquidation in one day? The traders are hunting. --- I just want to know if those still daring to add positions are really brave or really foolish. --- Looking at these data, the words "bull market" just seem like a joke.

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NFT_Therapy

· 4h ago

Sister Bei, I have to applaud this move. Being alive is the real winner.

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LongTermDreamer

· 4h ago

Enduring the bear market three years ago only to die in the bull market—this saying sounds heartbreaking but the more you think about it, the more right it is... Actually, this is just the cycle. Next time the market rebounds, those who are cutting losses now will regret it to death haha

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ForkPrince

· 4h ago

Sister Bei's move, I understand. Enduring the despair three years ago and dying now—how ironic is that?

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NFTArchaeologist

· 4h ago

It's more painful to endure a bull market than a bear market. Just saying that makes me realize how exhausted I am playing this game. --- Wait, 815,000 Bitcoins? Are the big players really fleeing? Then why are we still here? --- Falling before dawn... That's harsh, but this is crypto. No one can make it to the sunrise alive. --- It's good that Sister Bei cleared her position; at least she stopped the loss. Anyway, this round of "bull market" hasn't been kind to anyone. --- Returning to the starting point after four and a half years? That must be really frustrating. Better to just cash out and relax in 2021. --- $580 million liquidation in one day—just hearing that number sounds unbelievable. Are there really people who can withstand this kind of wind? --- Long-term holders are already selling. Are retail investors like us still holding? Isn't that just asking for death?

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