Waking up to another day of losing money, let's review the recent wave of wild operations:

End of September - Early October
Bought Bitcoin around 11.2K, with the clearing point approximately at 12.2K (the image shows screenshots of some accounts).
This part is the main source of profit in this round of market.
2️⃣ After selling off the big pie
The focus has shifted from BTC to altcoins, and the position has been changed to ETH.
This round is very similar to the previous "Trump market" - both funds and emotions are focused on the blockchain.
After ETH surged to 4800, it began to decline. All the profits made from this round of Bitcoin were spent on ETH, resulting in another round of wasted effort.
I have to say, the faith in Ethereum is indeed very expensive.
Calculating it all up, this round of spending is almost 1M.
Although it is just a profit drawdown, controlling the drawdown is actually a way to profit.
3️⃣ About the Shanzhai Season
The altcoin season in exchanges is becoming harder to play. Mainstream coins have no capital inflow, and the market looks more like a PvP among some old people.
The risk-reward ratio is not high, and it requires constant monitoring, which is becoming increasingly unfriendly for small capital players.
Small funds are more suitable for playing on-chain. Although the win rate is low, the risk-reward ratio is high.
(PS: I'm still learning too.)

4️⃣ The next plan
Look for any rebound opportunities, prepare to clear ETH spot, and then observe with a short position.