The year 2025 in the crypto world is straightforward—BTC dropped from 126,000 to 87,000. Some people protected their profits with prudent strategies, while more were liquidated one after another during market fluctuations. Ask yourself: are you among those who got liquidated, or are you one of the few who survived?

The data is in front of us: last year, a weekly BTC decline of nearly 15% directly wiped out leverage bets worth over 1 billion. The most outrageous case was someone adding 5x leverage and then going to sleep, only to wake up and find their 100,000 yuan principal wiped out. It’s not that the market is too cruel, but that the pitfalls we repeatedly step into are too easy to fall into again.

**First Killer Trap: The Double Kill of Leverage and 24-Hour Trading**

Cryptocurrency markets don’t have closing hours like stocks, which sounds like an advantage, but is actually the biggest trap for retail investors. Human energy is limited, and staying up all night watching the market often leads to making the stupidest decisions when the market is most panicked. Don’t compete with the market on who can endure longer; this race is doomed from the start.

**Second Trap: The Emotional Manipulation Leading to a Vicious Cycle**

Chasing gains, full positions, greed, stubborn holding—these four links form a hellish cycle for retail investors. Data shows that high-frequency traders’ annualized returns are actually 7% lower than low-frequency traders. When DOGE, TRUMP coins flood all chat groups, the peak of FOMO is often already at the end of the trend. In the 30 days after the peak, most cases result in negative returns.

**Third Trap: Lack of Risk Control Awareness**

The reason institutional investors survive longer is two words—discipline. Look at how they do it: leverage never exceeds 3x, and they cut losses immediately once a single coin drops more than 2%. This is not conservatism; it’s the basic logic of surviving and making money.

There’s also a technique for taking profits—using a "倒金字塔" (inverted pyramid) strategy: sell 10% of your position after a 10% rise, and sell another 20% after a 20% rise. This locks in profits and prevents greed from backfiring.

Finally: don’t stare at K-line charts all day. There are always opportunities in the market, but there’s never a reason to act immediately. Waiting and observing are much more valuable than impulsive moves.