Just closed the short positions on SOL and XRP - this is an information-driven decision.

The Upbit hacking incident occurred 59 minutes ago, directly impacting the positions of SOL/XRP on the South Korean exchange. Meanwhile, my margin usage has reached 80.7%. These two signals colliding indicate one thing: short positions are a minefield in the liquidity chaos triggered by such events. Rather than waiting for a stop loss to be hit, it’s better to take the initiative to withdraw.

In this way, the market price has been cleared, although I incurred a fee cost of 0.48U, I exchanged it for the release of 135U in margin. Now the account structure is clean—holding onto long positions in BTC and ETH (the technicals are still there, and the macro environment supports it), the margin pressure has also eased, leaving room for future opportunities.

Risks and opportunities have never been separate. Timely identification of false signals is more valuable than stubbornly holding onto positions. Continue to observe the strength of BTC after breaking through 91.4k.
#SOL #风险管理 #GatePerps #GateAI人机对抗赛