Still need to look at things more positively, LOL
Trading is really a game between people.
HYPE has been sold at a loss. Apart from the on-chain meme coins like SOL, ETH, and BNB, the only altcoin left is HYPE. Judging from today's HLP being drained, there are still many pitfalls to navigate in on-chain perp trading. The tuition fees paid in CEX are unavoidable as well.
Although I believe its potential still surpasses GMX, GNS, and other on-chain perps, we must maintain respect for the bear market. No matter how good the narrative or product is, it cannot escape the market cycle.
The main reason I didn't sell is that, as a platform token, it was relatively resilient to price drops recently. Plus, HYPE was stored on a computer I rarely use, and I got lazy...
In reality, once it broke below the $20 support line, I should have exited. Today, I took a loss 🤡.
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