To be honest, the Liquidity in the crypto world is gradually dropping. When SBF was around, a lot of the Liquidity was provided by him. That was probably the best time for Liquidity. Later, after SBF passed away, Luna collapsed, Three Arrows Capital went under, and many second-tier exchanges crashed, killing a lot of market makers.

The liquidity in the entire crypto world is currently very weak. The black swan event on October 11 has truly surpassed any previous instance. In the past, BTC would drop 10-20 at most. Altcoins would drop 30-50.

This time many altcoins have dropped 80-90%, which means that as long as you open contracts without setting stop-loss, you will be liquidated; even setting a stop-loss may not work well and still lead to liquidation.

After this liquidation, I feel that future Liquidity may be worse. Liquidity is a problem that the entire industry wants to solve together.

How can ordinary retail investors avoid this? Do not blindly play contracts, and make sure to set a stop-loss before trading contracts.

Otherwise, even if we escape this disaster by luck this time, we will die next time. There will definitely be black swans in the future.

In addition, I suggest that those who have already made money should not gamble with large amounts anymore. Store the big money in flexible access U financial management, and do not participate in high-risk financial management.

Small positions are used to participate in hot coins in the market, aiming for big returns with small investments. The crypto world is currently not suitable for large investments due to the high risks.

If you haven't made money yet or have gone bankrupt, don't give up. Try new things, new trends. The crypto world is a place of miracles. As long as you really work hard, are diligent, and smart, there are definitely opportunities to turn things around.

A real turnaround only requires seizing two opportunities to multiply by 10, turning 10,000 into 1,000,000. There are too many chances to multiply by 10 in the crypto world.

If you have already obtained results, it is advisable to exit the crypto world early. If you do not exit, you must raise your risk awareness and drop the gambling mentality, otherwise, you could really face dire consequences at any time.

Don't ask me how I know, because I've died many times.