2026-01-09 03:25:22

Today’s crypto market really is "Here we are," and as a result, retail investors are collectively getting their faces slapped. Bitcoin has fallen below the 90,000 mark, with a daily decline of 2.4%. The recently popular PEPE and BONK tokens also couldn't escape, both dropping over 6%. This wave of decline directly triggered liquidations totaling 477 million yuan, almost all of which were traders chasing the high.

Mainstream coins and Meme tokens are teaming up for a plunge today, while those shorting are secretly enjoying it. Interestingly, the current market pattern is "whatever you buy, we smash you with it"—the more you enter, the more you get wrecked. Watching this market, some people are indeed regretting shouting "I'm fucking here."

Honestly, this correction is a lesson for retail investors chasing the high. When the market is rising, it's easy to get carried away, wanting to buy the dip or chase the rally, only to get caught on the other side. Instead of blindly entering, it's better to admit "I'm scared," wait and see the follow-up trend before deciding. After all, protecting your principal is more important than anything.

BTC2,18%

PEPE4,25%

BONK4,34%

MEME5,56%

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GateUser-4745f9ce

· 01-10 20:29

Chasing the high is just sending money away. Luckily, I didn't get on the train.

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BearMarketSurvivor

· 01-10 11:46

I've been saying it all along, chasing highs is a gambler's mentality. Now you've been proven wrong, haven't you? --- 4.77 billion in liquidation, these guys really dare to play. I just don't understand. --- You've come all this way? Then just get trapped. I’ve seen this trick many times in the past two months. --- The shorts are sneaking a laugh, the chasing longs are regretting it. The eternal 80/20 rule. --- Capital preservation is the key. Greed will make you lose everything in an instant. Saying more is just tears. --- Breaking below 90,000 for BTC—what's there to say? It was bound to fall. --- A 6-point drop in PEPE BONK—what's that? Have you seen a direct halving before? --- That's how retail investors' money is made. The leek harvesters are starting up again. --- This is the crypto world. Today you enter the market, and tomorrow you'll be trapped. That's just the game rules. --- Being cautious helps you live longer; greed leads to quick death. This is the survival rule.

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SudoRm-RfWallet/

· 01-10 06:28

Once again, it got smashed. This time, my reaction speed still wasn't fast enough. Retail investors are always the last to catch the bag holder—nothing new. PEPE dropped 6%, which actually makes me breathe a sigh of relief. Better than going to zero directly. If the 90,000 threshold breaks, it breaks. Anyway, I already got out long ago. Chasing high in this kind of market is just asking for death. The 4.77 billion liquidation order made me laugh to death. Friends who are shorting are probably feeling great right now—that's the crypto world for you. Being a little timid isn't really shameful; surviving is what makes you a winner.

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APY追逐者

· 01-09 03:55

Here we go again, these old guys chasing the high really deserve it. I just want to ask, how much of the 4.77 billion liquidation is due to full leverage? The 6% drop in PEPE is actually okay, mainly because of a mental breakdown. Short sellers are now proud, but when the next rebound comes, they'll also suffer heavy losses. Basically, it's just impulsive trading out of anger, with no technical skill involved. People who get caught this time will keep chasing the high next time. I bet 5 bucks. Capital preservation is the most important, that's a good point, but no one listens.

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pumpamentalist

· 01-09 03:53

Here we go again, how many people got wiped out at 90,000 this time I told you not to chase, but you insisted on pushing higher. Serves you right Short sellers are ecstatic, really

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MevTears

· 01-09 03:53

Once again, it's a rinse and repeat, and this time the knife is really fast. --- 4.77 billion liquidation, all the price of greed. --- I just can't understand why I can't learn to cut losses. --- Chasing the rise and buying the breakout always ends badly, it's the same old trick every time. --- Been cowardly all day, just hoping to see if I can survive until tomorrow's opening. --- The shorts are laughing, while we're here crying. --- Originally wanted to bottom fish, but ended up losing everything—blood lessons learned. --- This time, I really need to calm down, no more impulsiveness. --- The 90,000 didn't hold, is there any support left, everyone? --- PEPE and BONK crashing together, you know it's a cutthroat move. --- Caught in here, waiting for a rebound, anyway can't escape.

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ZKSherlock

· 01-09 03:49

actually... the whole "just yolo in" mentality is precisely why we keep seeing these liquidation cascades. it's information theoretic security in reverse—zero transparency, maximum exposure. people don't understand their trust assumptions here at all.

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BrokenDAO

· 01-09 03:40

This is a classic example of incentive mechanism reverse design, where retail investors' FOMO is precisely targeted by the liquidity trap set by the big players. --- Every time the "game equilibrium" breaks, the market begins to harvest, and this trick has been around for years with people still falling for it. --- To put it simply, those chasing the high simply don't understand what they're participating in—a zero-sum slaughterhouse, where the systemic flaw is "the more you buy, the more you lose." --- Protecting principal is correct, but the problem is that most people simply can't do it; human nature is defenseless against FOMO. --- Looking at the 4.77 billion liquidation orders, you can see how strong the market’s governance inertia is; retail investors are always the passive ones bearing the pressure. --- Instead of being timid, it's better to say that the market structure itself incentivizes you to lose. What do you have to fight against systemic flaws? --- This wave of dumping perfectly illustrates what "trust cost" means—the price of trusting the upward trend is being harvested.

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MEVHunter