At the cost of $406 million, the market has taught us a lesson intertwined with blood and tears.

The liquidation of long positions worth 305 million dollars is the anxiety of countless sleepless nights staring at the K-line, the roar of ambitions supported by leverage collapsing in an instant. The numbers are cold, but behind them are the burning desires and frustrations—some want to seize the opportunity but fall into the abyss; some bet everything but lose to the unpredictability.
However, true rebirth begins with the awakening after facing the abyss. Liquidation is not the end, but the starting point for reshaping cognition: the market never shows mercy to luck, but always rewards reverence. Those crushed positions will ultimately turn into soil, allowing the seeds of discipline to take root and the branches and leaves of risk management to flourish.
Remember - the amount of loss can be quantified, but the wisdom and resilience forged from it are the sharpest weapons on the battlefield of the future. When the drop is the steepest, it often means the rebound is closest. May we learn to dance with risk from now on, stand firm in the storm, and when the next dawn arrives, let regrets become our medals.