The most deceptive illusion in the crypto world is blaming liquidation on 'market manipulation' — in fact, you have always lost to your own positions.

Late night exchange pop-ups and a full screen of 'liquidation' notifications all play the same story:

FOMO emotions cloud your judgment as you bet everything on obscure coins, and one sudden drop takes it to zero;

During a bull market, you fear chasing highs with a light position, watching others celebrate while you miss out;

When a bear market arrives, you panic and go all in to catch the bottom, only to find even your principal is trapped.

In short, recognizing the trend is fundamental, and controlling your positions is the talisman for surviving through bull and bear markets.

In this market without price limits, 'surviving' is always more important than 'making quick money.'

Here are three survival rules from seasoned players that are more useful than any market analysis:

First, capital is king; set a stop-loss line for each trade at 2%-4%. If your principal is 100,000, set 4,000 as your red line — preserving your capital gives you a chance to recover;

Second, respect volatility; the annualized volatility in crypto exceeds 80%, three times that of A-shares. Your position must be at least 30% more conservative than trading stocks; playing with a stock market mindset in crypto is pure recklessness;

Third, adjust positions according to the cycle. In a bull market, you can increase your position in mainstream coins to 50%-70% to capture profits; in a bear market, immediately drop it below 30% and hold USDT, while managing leverage and altcoin positions separately.

Finally, a practical tip:

Divide your capital into three parts: 10% for trial positions, 20% to increase once the trend is clear, and keep the remainder as emergency funds.

For mainstream coins like $BTC /$ETH , do not exceed 25% in proportion; for altcoins, do not let a single coin position exceed 5%, and keep leverage capital under 10%.

The crypto world never lacks for opportunities to double your investment; what’s lacking is that when the opportunity comes, you still have chips on the table.

Controlling your position is stronger than anything else.

Follow me for practical tips that can be implemented; see you in the Binance chat room.