The market performance of RIVER indeed makes people sigh. I still remember two weeks ago when I was accumulating at a price of $2.7, watching it rise all the way to $21, and even reaching $27 at one point—using 20x leverage, back then, turning the principal into 200 times the original amount was not a dream. A $10 principal could theoretically generate a $5,000 profit, and the one-month time cost would definitely be worth it. Unfortunately, the short positions were firmly held in place, with funds fees on one side and watching the price climb on the other, finally being liquidated at $23—there was really no saving it. Now, at this stage, I am somewhat optimistic; the $30 mark shouldn't be able to hold it back, and the probability of breaking through is quite high.
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DancingCandles
· 13h ago
That 27 yuan really made me watch the money fly away, it hurts.
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StableBoi
· 01-08 10:27
Emma, I really missed the boat on the 27-dollar wave, and I feel so regretful looking at it now.
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MetaverseVagabond
· 01-07 09:18
Oh no, this round was really a huge loss... I totally understand the feeling of being wiped out by a short squeeze.
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DeFiCaffeinator
· 01-06 15:43
Oh no, I really didn't catch the bottom at 27, getting wiped out on the short is deserved.
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GateUser-5854de8b
· 01-06 15:38
It's truly incredible that 27 yuan couldn't be escaped; this is the "magic" of leverage.
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TopBuyerForever
· 01-06 15:35
That 27 yuan move was really outrageous. I also got caught in it and felt so uncomfortable being short and getting slapped in the face.
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ForkItAllDay
· 01-06 15:28
Sigh... I really regret not getting out when it was at 27, that devil of a funding rate.
The market performance of RIVER indeed makes people sigh. I still remember two weeks ago when I was accumulating at a price of $2.7, watching it rise all the way to $21, and even reaching $27 at one point—using 20x leverage, back then, turning the principal into 200 times the original amount was not a dream. A $10 principal could theoretically generate a $5,000 profit, and the one-month time cost would definitely be worth it. Unfortunately, the short positions were firmly held in place, with funds fees on one side and watching the price climb on the other, finally being liquidated at $23—there was really no saving it. Now, at this stage, I am somewhat optimistic; the $30 mark shouldn't be able to hold it back, and the probability of breaking through is quite high.