The verdict for Do Kwon, the founder of Terra-Luna, has been announced—15 years in prison.

The charges stem from the shocking market crash in 2022, which directly wiped out $40 billion in market value, and fraud allegations have been substantiated. I thought the market would breathe a sigh of relief once the verdict was out, but instead, the 15-year sentence has become a new bearish signal.

The market responded with a sharp plunge. Honestly, the liquidity and sentiment are both terrible right now.

Even worse is myself—I was liquidated this morning. I didn't close the position when the unrealized profit was nearly $1000, and as a result, my principal was wiped out by $500, totaling a loss of $1500. As the old saying goes: greed is never satisfied, it swallows the elephant.

I'm basically serving as a negative example for everyone. Looking back at my trading records, almost every time I was profitable, I couldn't bring myself to exit, and in the end, I suffered losses or got liquidated. This is what paying tuition with cognition looks like.

Honestly, I have no desire to trade anymore in this market. Just take it slow, wait for the next certain opportunity. As for LUNC, I think it's probably out of the question in the short term.