Currently experiencing severe losses, all-in with over 200,000 USDT, only one-third remains. The only consolation is that this time I didn't leverage. Several very good friends around me have each lost over 10 million RMB, which shows how brutal this wave of decline has been. On October 11th, retail investors who played with shanzhai (knockoff) coins were wiped out. The major players using mainstream leverage are going bankrupt. Many say the bull run is over and a long bear market is coming, but I don't believe it. Nothing can be built without destruction; without a brutal shakeout, there can be no magnificent super bull market.