#大户持仓动态 After the margin call that year, I was left with tens of thousands of yuan in debt. Life pushed me to the limit — I couldn’t even afford an 8-yuan bowl of noodles, staring at trading pairs late into the night, sipping two-dollar instant noodles with plain water, slurping up the broth and residue. My mom sent cured meats and sausages from my hometown, calling every now and then, saying, "You're alone out there, don’t go hungry." But who would have thought? After seven years in the crypto world, I now have 40 million yuan in assets sitting in my account.

**1. Spot the Market Makers to Avoid Falling into Traps**

In 2018, I chased a certain chain’s rise. It shot up 40%, then hovered at a high level for four days. I thought this was a sign it would keep rising, but it suddenly dropped 20% on high volume, and I lost my principal. Later, I understood the pattern: when the price surges over 35% in the short term, then consolidates at a high level for 3 to 5 days, followed by a volume spike and a 15% drop, that’s a signal that the market maker is retreating.

**2. Consolidation at High Levels Is More Dangerous Than a Sharp Drop**

In early 2020, I held a certain coin that stayed at its peak for three months. The trading volume kept shrinking, the turnover rate dropped below 1.5%, and the price was still 25% away from the 20-day moving average. I didn’t pay much attention at the time, but eventually, it fell to $8. From then on, whenever I saw this situation, I would just go short — no greed.

**3. Where Is the Bottom? Let the Volume Tell You**

In June 2022, I wanted to catch the bottom of a certain coin, thinking it had bottomed out, but it kept falling. After analyzing hundreds of charts, I figured out the true bottom looks like this — first, volume shrinks and the price consolidates, then for three consecutive days, there’s gentle increasing volume combined with small bullish candles. When Bitcoin hit $28,000 in 2023, I saw this signal and went all in. When it rose to $45,000, I took profit. This move earned enough for the down payment on a house in Hangzhou.

**4. Volume Is the Foundation, Position Control Is the Soul**

I always remind myself of two things: K-line charts are just surface, volume is the real substance; never risk more than 50% of your position, don’t be greedy or fearful.

In 2024, when a certain coin surged dramatically, I waited for it to break out of its range. Only after volume increased sixfold did I act. Once the trendline was broken, I took profits and exited. Although I only made 10 times the profit this time, when it crashed afterward, I was already fully out.

Living long enough in the crypto world, you develop these sharp eyes.