Let's talk trading: $M 's moment at $1000CHEEMS (can't reference the Cheems article from that time, but you can search for it)

Not every knife that drops 80% is a buy.

And it's not about imagining a rebound after a drop.

Basis for this:

1. No large sell-offs on-chain, abnormal contract trading volume, using bots to hedge and quickly exit spot.

Judging that a suspected contract market maker has issues, triggering arbitrage operations.

2. At 9 AM, a basis greater than 2% appeared, and gate and bg were filling orders, with no more than 5000 on-chain bottom-fishing funds, judging that moderate index sources will use spot to fill orders and pull the price.

3. At 8:55, a group friend pinged me on-chain, and I entered at 9:03, then alerted my group friends.

Highest profit was 81k, with a pullback closing at just over 50k, usually buying spot at limit orders of 0.66-0.68 for m.

Similarly, yesterday BTC crashed (there was a warning earlier), and with low liquidity and slack market maker defense strategies, bot errors are easy to occur. I chose to short at 11 PM after encountering issues with $SAHARA (ideally having BN spot, otherwise the operational path could be wrong), but it didn't succeed.

As stated, there's no hindsight trading here.

In external groups, there's always a chance even if it's a bit later.

At 0.82, Kwan was urging me, worried that my large position would lead to a liquidate, so he closed first and left me hanging.

But today, Kwan made a profit and bought me some shoes.