#美联储联邦公开市场委员会决议 Another "Smart Person" has fallen.

This guy dove headfirst into Ethereum at its most frantic moments, and a single smart contract evaporated $3.24 million in just 14 hours. His account still holds over 11,000 ETH long positions, with an unrealized loss of more than $2.6 million. This is not a tragic story; it’s the most common slaughter scene in the market.

The key point is, he’s not the only one bleeding today. The entire market is losing momentum — Ethereum has broken through the psychological level of $3200, with a nearly 4% drop in one day. From $BTC to smaller altcoins, everything is in the red. It’s the classic pattern of "FOMO during rises, collective panic selling during drops." I’ve seen this script dozens of times.

**Where is the real problem?**

Institutions are playing a strategic game; retail traders are playing a heartbeat game. When the market is dominated by big money, retail traders relying on emotion and leverage become free tokens for whales. Just look at how institutions operate — when the market is crazy, they observe coldly; only when panic sets in do they quietly start to position themselves. Retail traders? Seeing prices rise, they throw more into leverage. When the market trembles, liquidation cascades follow. Those quick gains earned from adrenaline are ultimately wiped out by liquidations, leaving traders with nothing.

Now, such massive liquidation events are happening frequently. They are doing one thing — rapidly clearing the leverage bubbles built up in the market. The result is that prices crash to the bottom in one go, and countless people's principal cannot withstand such volatility.

**So, how to survive next? Here are three honest truths:**

**1. Cut Leverage.** Living longer is a thousand times more important than earning quickly. In high-volatility markets, leverage is not an amplifier; it’s a meat grinder.

**2. Hold some money in spot.** Long-term holding of core assets like $BTC and Ethereum is aligned with industry development cycles, not intraday K-line swings. Your mindset will be much steadier.

**3. Stop listening to KOL calls all day.** Learn to read on-chain data and perceive market sentiment yourself. Gambling mentality is the graveyard of retail traders.

If you keep repeating the cycle of "buying the dip and selling the rip," you will always be market’s blood food, not a winner. Want to build a real attack and defense position system in this volatile market? Stay tuned for the next in-depth article.