0x29 Operation Log: Oscillation Convergence, Reviewing the Deep Logic Behind Friday's 'Dark Humor'
Good morning. After experiencing the tumultuous events of Friday, the market seems particularly quiet this weekend. BTC has been oscillating above $66,000, while ETH has been fluctuating around the $2,000 mark. The current sideways movement resembles a 'wound bandaging period' after a significant drop.
1. Core Facts (The Facts) BTC Market: Currently reported at $66,418.66, essentially flat compared to yesterday (-0.03%). ETH Market: Currently reported at $1,995.39, slightly rebounding (+0.16%).
Technical Status: The 1-hour MACD has entered a weak expansion phase after a golden cross, but the price is hindered by the Bollinger mid-band (BTC: $66,616). Trading volume is extremely low, typical of weekend conditions.
2. In-depth Review: Main Reasons for Friday's Drop Options Delivery Game: Friday was a significant monthly delivery, with bulls heavily positioned around $70,000. Major funds pierced the 'maximum pain point' downwards to maximize profits, triggering a chain of on-chain liquidations.
PCE Data Disturbance: On Friday evening, the US PCE data slightly exceeded expectations, indicating resilience in inflation. Market expectations for 'June rate cuts' were once again thwarted, causing an instant cooling of risk appetite.
Liquidity 'Vacuum': Under the dual pressure of large deliveries and macro data, the depth of buying was insufficient, leading to a 'free fall' after the price broke below the key structural level of $69,000.
3. Key Outlook (Upcoming Events) Monday's US Stock Market Opening: [High Certainty] The fund inflow and outflow situation of spot ETFs like BlackRock (IBIT) will determine whether we can reclaim $68,000 next week.
Next Week's Non-Farm Data: This is the biggest macro variable next week, directly affecting the market's pricing of liquidity for the second quarter.
4. Execution Suggestions (Action) Strategy: 'Play dead over the weekend, enter on Monday.' The current low-volume rebound lacks capital resonance.
Defense: Support level maintained at $65,854 (Bollinger lower band); resistance level at $67,378.
Focus: Now is a suitable time to select 'alpha' varieties that have shown resilience during significant drops, in preparation for next week's initial recovery trend.
☕ Random Thoughts: After a significant drop, there will be oscillation, and only after the oscillation can there be direction. The sideways movement over the weekend is a gift to rational investors, giving us time to eliminate emotions and review logic. See you tomorrow, Monday.
5/25: Stablecoin arbitrage between Guangzhou sourcing hubs — a real pattern we observed
This isn't a trading strategy. It's a pattern we noticed in real trade flows — and it has implications for how you think about stablecoin demand. Working across sourcing corridors in 广州 (Guangzhou), 深圳 (Shenzhen), and 上海 (Shanghai), we started noticing something: the same goods, the same specs, different stablecoin premiums depending on which hub you're buying from. Here's what's happening beneath the surface. The premium isn't random. It reflects the local liquidity of the stablecoin being used, the trust infrastructure available in that hub, and how urgently the supplier needs to convert back to RMB. Shenzhen suppliers dealing with electronics exports tend to be more crypto-fluent — lower USDT premium, faster settlement. Guangzhou textile and manufacturing suppliers are earlier in the adoption curve — slightly higher friction, slightly higher effective cost to the buyer. What this creates is a real, measurable spread between the cost of doing a deal in different hubs — not because the goods are priced differently, but because the payment infrastructure is at different maturity levels. For traders, the signal is this: When stablecoin infrastructure matures in a new corridor, that spread compresses. The compression is gradual but directional — and it represents real adoption happening at the ground level, not at the whitepaper level. We're watching Guangzhou textile and manufacturing corridors right now. The spread is compressing. That means USDT infrastructure is deepening — more suppliers onboarded, more agents comfortable with crypto settlement, more buyers requesting it. Quiet signal. Real data. Worth watching. 📌 Save this — we'll revisit these corridor spreads in 90 days with updated observations.
📊 $BSB Practical Report: Lightning Fast in 10 Minutes, Bottom Fishing Profits and Strategy Validation
Just completed a seamless short-term operation, taking only about 10 minutes, successfully bottom fishing at $BSB and exiting with profits.
Thought Process and Strategic Game: Entry: Captured a short-term oversold signal and decisively entered to bottom fish.
Holding: As the price rebounded, a bold hypothesis arose in my mind—could it replicate the brilliance of the previous wave and directly rebound to or even break through the upper Bollinger Band? To validate this strategy, I did not choose to take profits at the peak of the rebound (which was near the highest point before the red K-line in the picture).
Validation Result: Reality quickly provided the answer. After reaching the high point, the price did not break through with increased volume, but instead began to consolidate with reduced volume. Ultimately, I chose to exit after confirming the consolidation trend.
Cost and Gains: At this point, the profit was only about 1/10 of what it was at the high. This is a painful but extremely valuable lesson.
Core Technical Review (Very Important): This validation reminded me once again: one must pay close attention to the middle line of the Bollinger Band.
1. When the price (like $BSB at this moment) breaks through the middle line, if it is not accompanied by a significant increase in trading volume, it is very likely that it will not form a sustained offensive but will directly turn into a consolidation with reduced volume.
2. In a consolidating market, the attraction of the upper and lower Bollinger Bands will significantly weaken, and the middle line will instead become the axis of price fluctuations.
☕ Practical Summary: Although this time I ran slow and profits shrank significantly, the experience is far more important than momentary profits. As long as we can summarize the rules from each operation and grasp the 'temperament' of the market, opportunities for trading will always be there, unless the market is stagnant and shows no fluctuations.
Continue to refine, next time, I will choose to exit more precisely when the trading volume shrinks.
0x28 Operation Log: Ice Point Shock, the system is waiting for the next macro 'Mars'
Good morning. After experiencing the 'deep squat' of liquidating long positions last night, the market is currently stuck around $66,000 (BTC) and $1,980 (ETH). Trading volume has significantly shrunk, indicating that both bulls and bears are cautiously observing before the next major signal appears.
1. Core Facts (The Facts) BTC Market: Currently reported at $66,250.00, 24h drop of -3.88%. The lowest dipped to $65,548.25. ETH Market: Currently reported at $1,988.99, 24h drop of -4.00%.
Technical Features: The 1-hour level BTC price is severely oversold, running close to the lower Bollinger band (MB: $66,593). Trading volume has fallen back to pre-significant decline levels, indicating that selling pressure has temporarily diminished.
2. Logical Rehearsal (The Logic) Silence after the storm: Extreme sideways movement is usually a precursor to market shifts. The current low trading volume means that even small institutional fund movements (either entering or exiting) can trigger significant price fluctuations.
Weekend Factor: The weekend lacks guidance from US stock and ETF data, making the market easily influenced by existing capital (even large investors).
3. Key Outlook (Upcoming Events) This weekend: Pay attention to the on-chain data changes of ETFs. The institutional attitude below $66,000 is key to a short-term halt in the decline.
This weekend: There have been recent discussions in the industry about the Digital Asset Summit (DAS). Although the specific timing for major topics to be released remains uncertain, any statements regarding 'institutional entry' could ignite the current oversold rebound.
4. Execution Recommendations (Action) Strategy: 'Silently observe, protect the bottom position'. It is not advisable to engage in high-leverage operations over the weekend.
Defense: Set the spot stop-loss at last night's low of $65,548. If the volume breaks below this level, be cautious of a second dip in the short term.
Speculation: Set left-side building position reminders around $65,000 - $65,500 (gradual spot). If it can recover $66,593 (Bollinger middle band), the rebound logic will truly be established.
☕ Notes: When the market quiets down, it is often charging for the next explosion. Stay rational, do not participate in the randomness of weekend fluctuations, and maintaining logic is more important than chasing profits.
🚀 Practical Review: Capturing $BSB against the trend, the "second-stage" entry art after missing out
Yesterday's performance was thrilling yet safe. Last night, I correctly identified the trend to enter, but unfortunately encountered a sudden drop in mainstream coins, leading to a liquidation, ultimately resulting in a slight profit overall yesterday. This is the charm of the market; you never know what will happen in the next second.
1. Today's Market Observation Today, most mainstream coins continue to maintain sideways fluctuations, perhaps due to the weekend effect, as the market waits for the next signal. At this moment, I noticed that $BSB actually surged against the trend by over 30%.
Key Signal Points: Technical Perspective: Observing the wave, it is on the eve of the Bollinger Bands opening, and the gap has already compressed to a horizontal position, poised to launch. Indicator Resonance: MACD is about to golden cross again, with clear bullish momentum.
2. The “Getting On Board” Psychology and Strategy after Missing Out Although I noticed it slightly late and missed the first wave of the new rally, I gained two deep insights through this operation:
Recognize the Major Trend: When you confirm that the major trend will continue to strengthen, even if you miss the initial surge, don’t rush to blindly chase higher prices.
Patiently Wait for a Pullback: Keep an eye on the mid-band of the Bollinger Bands or pullback support levels. When the trend slows down slightly and the price touches technical support points, decisively enter while strictly setting stop-loss levels.
Fortunately, after patiently waiting for a pullback, I successfully got in on a trade. Although I missed the peak, I still enjoyed a substantial portion of the profits, successfully closing the first trade with an ROI close to 30%.
3. Weekend Trading Mindset For such high-volatility new coins, don’t discuss the pattern. In this rapidly changing market, especially on weekends when volume may shrink and uncertainty increases, taking profits off the table is the best strategy.
Practical Summary: There might not be many opportunities over the weekend, so I will remain cautious and wait for the right moment to act; otherwise, I will just watch for clearer trends. Perhaps there will still be opportunities to make some trades with $BSB today; pay attention to its volatility patterns, as both long and short positions have considerable chances, just needing patience and constant monitoring of the mainstream coin market. Although this new coin is somewhat against the trend, no one can be sure.
I will share a morning report later today, to see what key information is worth paying attention to, so everyone stay tuned.
📊 Practical Review: NAORIS captures two cities in a row, risk control is always the first lifeline
Last night until noon, I executed two trades $NAORIS , and the overall rhythm was well grasped, both trades successfully closed with profits. I want to share some practical insights about profit and loss ratios and the cultivation of human nature.
1. Strategy Execution: The trade-off from 10:1 to 3:1
In this trade at noon, the initially set profit to loss ratio was an aggressive 10:1. Such trades require extreme timing and a bit of luck. However, I observed that there were potential downturns for BTC during the trade, and the trend for these non-mainstream coins is basically “bearish not bullish.” To avoid volatility risk, I decisively chose to exit all positions when the profit to loss ratio reached 3:1.
Review Conclusion: An hour later, looking back, the trend indeed entered a narrow range as expected, without larger fluctuations. Taking profits is always right, especially in a rapidly changing market.
2. My Core “Lifeline”
In my trading system, the middle band of the Bollinger Bands and the profit to loss ratio are absolute lifelines. To survive in the trading arena for a long time, one must strictly guard against:
No absolute safety orders: Even seasoned traders do not have a 100% win rate.
Control volatility: Try to keep each trade within a controllable volatility range, whether it's profit or loss, there must be space to smooth out risks.
Tiered operations: Currently, I will enter coins with large, medium, and small fluctuations based on opportunities. I suggest beginners start practicing with low to medium volatility, and only enter larger fluctuations once they have experience with the “temper” of big swings.
3. The Ultimate Goal of Trading
The core difference in all trades lies not in how accurately predictions are made, but in risk control rules: stop loss, leverage, and profit to loss ratio, all are indispensable.
My ultimate goal is: regardless of the coin, only look at technical aspects and risk control experience. Under the strict execution of the profit to loss ratio principle, achieve “confident trading.” In the future, I hope this can be realized through quantitative robots, where we handle the strategy iteration, while machines execute cold rules.
💡 Practical Summary Trading may not be the main profession in the future, but it is indeed an excellent way to cultivate human nature, just like rock climbing—every step must be precise, and every foothold must be solid.
Let’s encourage each other: safeguard profits, but more importantly, uphold discipline.
Refuse to 'catch falling knives'! Bollinger Bands + MACD golden cross resonance: teaching you how to find high-quality bottom-fishing points
Brothers, I executed three orders of the 'golden cross + Bollinger Bands lower track rebound' model last night, winning 2 and losing 1, with the profit-loss ratio meeting expectations. The last order I lost was particularly typical: the trend was right, and the rebound did come, but because the stop-loss was set too rigidly, I was 'swept' out by a small short-term fluctuation, watching it take off afterward. This is the cruelty of contracts: judging the correct direction is just the first step; how to set the stop-loss is the key to whether you can profit. Today, I will share the 'resonance model' and 'stop-loss ratio' that I've been keeping in reserve. 1. What is the 'golden cross + lower track' resonance?
0x27 Running Log: $68,000 "Kinetic Game" at the Critical Juncture Before Major Delivery
Good morning. On the morning of the delivery day, the market has fallen into a subtle stagnation after a significant drop in volume. BTC attempted to find support at $68,153 last night and is currently undergoing weak consolidation near the key level.
1. Core Facts (The Facts) BTC Price: $68,831.49 (-3.50%). Lowest Point $68,153.00. ETH Price: $2,060.29 (-5.03%). Key Signals: [High Confidence] The 1-hour BTC MACD shows that although DIF and DEA are still below the zero axis, the red bearish momentum bars (Histogram) have begun to slightly shrink from their peak. Technical Position: BTC is running close to the lower Bollinger band ($67,532), far below the middle band ($69,355).
2. Logic Rehearsal (The Logic) Bearish momentum deceleration: The shrinkage of the momentum bars indicates that the collective selling pressure in the short term has eased, and the market has entered a mood repair period after being oversold. Major Delivery Game: The Deribit monthly major delivery at 16:00 today (UTC+8) is the biggest variable. The current momentum contraction seems to indicate that both bulls and bears have reached a temporary "ceasefire agreement" near $68,000, all waiting for the delivery to come.
3. Key Outlook (Upcoming Events) 16:00: Deribit Major Delivery (Peak Volatility). 20:30: U.S. Core PCE Index for February. The market is extremely fragile, and the bearish (persistent inflation) or bullish (in line with expectations) PCE data will directly determine the direction of the market post-delivery.
4. Execution Suggestions (Action) Short-term Observation: Closely monitor whether the 1-hour MACD red bars can shrink to the zero axis and show green bullish momentum bars, which is the first signal for confirming a rebound. Prudent Operation: Maintain the "pre-delivery silence" strategy. The current momentum contraction only indicates "no further decline," and does not equate to "a significant rise." Continue to hold spot positions; leverage entry should wait until after delivery.
☕ Essay: At the narrow gate of $68,000, every bit of momentum contraction is a spark for the bulls to attempt a counterattack. Don't chase price fluctuations in the fog; understanding the chip game is far more important than understanding price. See you in the afternoon.
4/25: The cross-border payment stack: which crypto rails are actually being used by real businesses
Everyone's debating which blockchain will win. Real businesses already made their choice — and it wasn't based on ideology. After a year working inside cross-border trade corridors — China sourcing, European housing settlements, global warehousing — here's the actual payment stack we see businesses using right now. Layer 1: Stablecoins for settlement (USDT, USDC) The default. No debate, no drama. Suppliers confirm receipt, buyers lock cost basis, agents get paid. It just works. USDT dominates Asia corridors, USDC is gaining in Europe where compliance matters. Layer 2: XRP / RippleNet for corridor bridging When the counterparty doesn't have a crypto wallet but needs faster-than-SWIFT settlement, RippleNet fills the gap. We see this especially in €50K–€500K range B2B transactions between European importers and Asian suppliers. Layer 3: BTC as value bridge of last resort When neither party trusts the other's stablecoin infrastructure, BTC gets used as a neutral settlement layer. Sender sends, receiver converts immediately. Not investment — pure utility. Layer 4: Smart contract escrow (emerging) The most exciting layer. Still early, still clunky — but the businesses that have tried on-chain escrow for trade deals don't go back. Milestone-based payment release removes the single biggest trust gap in cross-border commerce: "I pay before I ship, or you ship before I pay?" What's NOT being used: Most DeFi protocols. NFT-based trade instruments. Most L2 solutions — not because they're bad, but because suppliers in Guangzhou aren't asking for them. The pattern: adoption follows pain, not narrative. The pain is in settlement, trust, and FX friction. The stack that solves those three things is the stack that wins. 💬 Which layer surprises you most? What are you seeing in your corridor? #CrossBorderCrypto #CryptoPayments #RWA #Web3Commerce #DeFi
Slow is Fast: 5 Practical Reviews to Help You Understand the 'Trading Discipline' Behind the Bollinger Bands
Brothers, yesterday's practical review is here. A total of 5 strategy verification trades were opened, and the result was basically break-even. Although there weren't big profits on the books, I feel that I completed a 'system upgrade' in terms of cognition and mindset. When doing contracts, the hardest part is not understanding the indicators, but achieving 'unity of knowledge and action'. Here are a few hard-earned insights gained with real money: 1. Self-cultivation of a steady player Yesterday, 3 steady trades won, the logic is actually very simple: go with the flow + support from the middle band of the Bollinger Bands. Reflection: There was a trade where I judged the trend correctly, but because I set the order point too 'stingy', waiting for an extremely low position, the market didn't give an opportunity and took off directly, resulting in missing out.
0x26 Operation Log: $71,000 oscillation washout, the last 'silent period' before the settlement day
Good morning. As the monthly major settlement approaches on the fifth week, BTC has successfully stabilized above the $71,000 mark. Last night's surge and retreat cleared out the short-term leverage chasing highs, and the market has returned to a rhythmic oscillation, preparing for the final direction choice for tomorrow. 1. Core Facts (The Facts) BTC Market: Currently reported at $71,203.25, with a 24h increase of +0.69%. Technical indicators: The 1-hour level is operating near the middle band of the Bollinger Bands ($71,196). Although the MACD is above the zero axis, the red bar momentum continues to shrink, indicating that the upward momentum is weakening.
4/21: Profit of 14% almost turned into a loss? Contract practice: Don't let the 'opening' of the Bollinger Bands deceive you!
Brothers, yesterday morning I practiced the 'high-altitude knife catch' on PIPPIN. I thought I had caught a perfect bottom reversal, with a peak profit of 14% at one point, feeling quite pleased. However, just when I was hesitating on whether to hold on a bit longer, the market flipped with a 'deep squat', and the profit shrank within seconds, leaving me to escape with a small profit thanks to the dynamic stop-loss I had set in advance.
Reviewing this 1-hour chart (above), I took some time to summarize a few hard logic points that can help you 'earn more and lose less': 1. Don't be greedy in the 'waterfall'
0x25 Operation Log: ETH leads the recovery, RWA hearing opens policy game
Good morning. In the past 24 hours, the market has shown a clear 'strength-weakness switch': BTC has been fluctuating narrowly above $70,000, while ETH has demonstrated stronger resilience, successfully recovering most of the ground lost over the weekend, with bullish forces returning to the Ethereum ecosystem. 1. Core Facts (The Facts) ETH Market: Currently at $2,160.30, 24h increase +0.73%. The price has stabilized at the middle band of the Bollinger Bands ($2,146), and the 1-hour MACD is in the bullish crossover phase. BTC Market: Currently at $70,705.76. The 24h performance is relatively flat (-0.06%), currently oscillating around $70,500.
3/25: How Chinese exporters are using USDT to bypass payment delays — what traders should know
A story from a Shenzhen trade floor that most crypto people never hear. A mid-size electronics exporter. 300+ international clients. Europe, Middle East, Southeast Asia. 18 months ago: 60–90 day payment cycles via SWIFT. Cash flow nightmares. Deals falling through. Today: USDT settlement on delivery confirmation. Payment cycles down to 24–48 hours. This is not an edge case. This is becoming standard operating procedure across 广州 (Guangzhou), 深圳 (Shenzhen), and 上海 (Shanghai) export ecosystems. What this means for crypto traders: Stablecoin demand from real commerce is structural, not speculative. This isn't traders chasing pumps. This is businesses solving real problems.Volume in these corridors doesn't show up in the narratives — it shows up quietly in on-chain data as sustained, low-drama stablecoin flows.The businesses adopting crypto fastest aren't tech startups. They're factories, sourcing agents, and freight forwarders who found that crypto solves a pain point banks never could. The next wave of crypto adoption isn't coming from a whitepaper. It's already happening in warehouses and trade offices most people will never visit. We've been in those rooms. The adoption curve is steeper than you think. 📌 Save this if you're building a long-term thesis on real-world crypto adoption. #USDT #RWA #CrossBorderCrypto #Web3Commerce #ChinaTrade
$A2Z Sudden surge of 25%! Note, today at 5 PM is a key point!
Today A2Z climbed the rankings, and many may wonder if they can still chase, first look at these two core time points:
1️⃣ March 24, 17:00 (today): U-based contracts will be forcibly settled and taken off the shelves. 2️⃣ April 1, 11:00: Spot trading will be completely stopped and taken off the shelves.
🔴 Why the surge? The current rise is mainly due to passive buying triggered by short positions being closed, along with the market makers taking advantage of the last bit of liquidity before delisting to entice buying.
🚨 Trend warning: Once the contract settlement is completed (after 17:00), the support from forced buying will be lost, and prices can easily experience a flash crash.
💡 Suggestion: Contracts: Opening a position now is akin to taking chestnuts from a fire, with extremely high risk. Spot: Taking advantage of the current “doomsday cycle” surge is an excellent opportunity to reduce positions or exit the market; don’t wait for April 1 when it becomes a number that cannot be traded.
The 'Deep Water Bomb' after the Bollinger Band contraction: caught the explosion, but couldn't hold the profit? A must-see for contract advancement!
Brothers, last night I said I would teach everyone how to see 'contraction explosion', and this morning I had a practical experience on PIPPIN, it was simply 'thrilling'. I originally wanted to catch a bottom rebound, and I did catch the bottom, with a peak profit of 14%. However, just because I hesitated for a minute, the profit was swallowed up by fluctuations in just a few seconds, and in the end, I could only leave with a small profit.
Reviewing this 1-hour chart of PIPPIN (see above), I summarized several 'life-saving' advanced points in practical trading: 1. The 'downward opening' after a contraction is the most deadly. You see, before the crash on PIPPIN, the Bollinger Bands contracted very narrowly (this is called 'death contraction'). Once the price breaks below the purple lower band, and the lower band opens vertically downwards like a waterfall, this indicates an extremely weak opening.
0x24 Running Log: $70,000 Recovery Battle, Silent Game in a Shrinking Rebound
Good morning. The market did not continue the weekend's downward trend, and after the U.S. stock market opened, BTC successfully reclaimed the $70,000 mark. This wave of increase is more due to short covering and silent support from institutional funds, rather than emotion-driven volume.
1. Core Facts (The Facts) - Market: BTC is currently reported at $70,810.63 (+4.20%); ETH is reported at $2,146.83 (+4.37%). - Technical: BTC has stabilized above the middle Bollinger Band ($70,101), with a 1-hour MACD golden cross showing increased volume. - Capital: On March 23, the net inflow for spot ETFs was approximately $95.18 million, and BlackRock (IBIT) maintained stable buying.
2. Logical Preview (The Logic) - Short Squeeze: No panic was observed on Monday, and shorts accumulated over the weekend chose to stop-loss due to diminishing momentum, pushing prices higher. - Volume Warning: 24h trading volume has slightly contracted, indicating that we are still in a stock game, and caution is needed for high-level fluctuations.
3. Key Outlook (Upcoming Events) - March 24, 21:45: U.S. March Manufacturing PMI Preview (affecting the strength of the dollar). - March 24-26: New York Digital Assets Summit (DAS), focusing on new trends in RWA and institutional custody.
4. Execution Suggestions (Action) - Position: After stabilizing above $70,000, continue holding spot. - Reduce Position: Pay attention to the breakthrough at $71,817 (24h high), partial profit-taking is possible on volume-less surges. - Risk Control: Stop-loss/profit-taking levels adjusted to $69,800, locking in rebound profits.
☕ Notes: Non-volatility itself is also a signal. When the market chooses to rise quietly, maintaining rigor is more important than following emotions. See you tomorrow.
Bollinger Bands Contraction to Catch Monsters: The narrower the contraction, the more intense the explosion! Teach you a trick to predict the 'critical point' of a big market trend.
Brothers, yesterday's life-saving guide was sent out, and many people asked me: 'I understand the support and resistance, but how can I ambush in advance and catch that kind of doubling 'big demon coin'?' In fact, the answer is hidden in the 'contraction' of the Bollinger Bands. If rising is the accelerator, then contraction is 'compressing a spring'; the tighter it is compressed, the more frightening it will bounce back.
1. What is a true 'contraction'? You see SIREN (Figure 1) before the explosion, the upper and lower bands of the Bollinger Bands are almost coming together. Logic: This means both bulls and bears are tired, no one dares to act, and the market enters a period of 'absolute silence'.
3/21: The Truth About Leverage: Can 100 Times Leverage Really Make You Rich Overnight?
In the perception of many, leverage is the elevator to financial freedom and also the push into the abyss. But as a hardcore logician, I only have one perspective on leverage: leverage is a 'multiplier' for adjusting the efficiency of fund usage, not a 'magnifying glass' for predicting profits and losses. 1. Redefining leverage: the 'redundant backup' of funds Many people use 100 times leverage to earn 100 times. This logic is fundamentally flawed. The logician's approach: If I have 10,000 USDT, I want to buy BTC worth 10,000 USDT. I can use 1x leverage to use all the principal, or I can use 10x leverage to only use 1,000 USDT as margin.