On Wednesday afternoon, while Xiao Li was slurping noodles at a street-side fast food stall, his phone screen suddenly lit up—he had followed BTC for half a year, and it had just broken below a key support level.



This deep correction in the 2024 market has left the crypto world somewhat quiet. The top traders who used to lead the market have mostly disappeared, leaving a group of retail investors holding hands and sighing. Xiao Li’s hand holding the phone started to tremble a little. Over half a year ago, he had gone all-in with his five years’ savings, hoping to turn his luck around, but now the numbers in his account were hardly worth mentioning.

Gnashing his teeth, his finger hovered over the "Sell All" button, feeling a sharp pain as if something was stabbing him inside. At that moment, another notification popped up on his phone: a major international bank had increased its holdings of crypto assets by $380 million.

This message was like a stone thrown into a calm pond. Xiao Li’s mind flashed back to the scene three years ago when he first entered this field—back then, he had entered with his coworker Lao Liu. Lao Liu had said, “This stuff is definitely the future,” but after just a week of rising, it collapsed. Lao Liu ran away, cursing it as a scam.

But Xiao Li didn’t leave. He devoured a bunch of research reports, learned the ins and outs of blockchain technology, and understood how deep the cognitive gap is between institutions and retail investors. He came to a conclusion: panic selling in a bear market is often the best opportunity for smart money to position itself.

Taking a long breath, he withdrew his finger from the sell button. Instead, he divided his remaining small amount of active funds into three parts—investing in BTC, ETH, and a new public chain project he had studied for a long time.

Turning off the trading app, the shop owner handed him a bowl of hot soup. “Bro, do you want some more scallions?” Xiao Li nodded, watching the steam rise from the bowl and blurring his phone screen.

There’s a saying—vision and patience often turn an ordinary decision into a turning point later on. When the market reaches an extreme, every step taken by a clear-headed person counts.
BTC0,29%
ETH0,53%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
AltcoinHuntervip
· 17h ago
Once again, it's the same "smart money positioning" narrative that has my ears calloused... but I have to say, Xiao Li's move this time isn't as foolish as it seems. Breaking the support and going all-in in a reversal—either becoming a legend or becoming the legendary leek (loser), there's no middle ground. I bet that in half a year, he will either be rich or disappear into some Telegram group—one of the two.
View OriginalReply0
ArbitrageBotvip
· 17h ago
Those who can withstand psychological collapse are always the ones who bottom out in a bear market. Xiao Li's recent actions are indeed clear-headed; the institution investing 380 million is a signal. Retail investors should think in the opposite direction and avoid following panic selling.
View OriginalReply0
nft_widowvip
· 17h ago
Those who buy the bottom in a bear market are true warriors; there are very few retail investors who can hold on... Xiao Li's recent moves are indeed impressive.
View OriginalReply0
LostBetweenChainsvip
· 17h ago
Even during the bear market crash, he didn't sell. This guy is indeed clear-headed... But going all-in with five years' savings is definitely a gambling move.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)