I know it’s against the general wisdom of CT
And I know most ppl would screw it up somehow or other
But if I was trying to make it with a small stack
I would cut the stack in 3
Then each time we have a huge liquidation day, I would 20x leverage BTC with 1 of my 3 stacks

Twitter

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another sharp drop, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Jeff Park, CIO of Bitwise, offers a new analytical framework from the perspective of options and hedging mechanisms. [...]

The Black Swan Event Was Actually This: The Real Reason for the Recent Bitcoin Crash

Author | Jeff Park (Chief Information Officer, Bitwise)
Compiled by Odaily Odaily(@OdailyChina)
Translator | Dingdang (@XiaMiPP)
Editor's Note: On February 5th, the cryptocurrency market experienced another crash, with over $2.6 billion liquidated in 24 hours. Bitcoin briefly plummeted to $60,000, but the market seems to lack a clear consensus on the causes of this decline. Bitwise CIO Jeff Park offers a new analytical framework from the perspective of options and hedging mechanisms.
...

The release of this new regulation marks a historic leap in the attitude of Chinese regulators towards virtual assets, shifting from a "complete ban" to a "combination of restriction and guidance."

Article Author & Source: Guofeng Law Firm On February 6, 2026, the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies" (Yinfa [2026] No. 42, hereinafter referred to as "Document No. 42"), jointly issued by eight ministries led by the People's Bank of China, and the "Regulatory Guidelines on the Issuance of Asset-Backed Securities Tokens Overseas by Domestic Assets" (hereinafter referred to as the "Guidelines") simultaneously issued by the China Securities Regulatory Commission, have triggered significant reactions in the legal and financial circles...

Breaking News! The Year of China's RWA: A Compliant Channel Opens for Trillions of Yuan in Domestic Assets to Go Global

The reality of the last six months is that every step of the way, the dumbest possible gambling strategy has succeeded
I wouldn’t do this with alts because they don’t have a floor
BTC does have a floor
And maybe you lose a stack
But I do think this would work

Legitimately, if I had a small stack, and a job, such that I would not lose my livelihood if this strategy failed, I think this would be a better and much much faster strategy than investing in almost anything in all of society

I spend a lot of time thinking about how depressing the modern financial reality is
Everything is a scam
Real estate is a massive scam
The stock market is an insane scam
Why not take a chance on the fastest, most transparent liquidity game instead

I think the reason this strategy doesn’t work for 99.9% of ppl is an execution issue, not an issue with the underlying strategy

The hardest is probably the patience
But like, I’m not glued to my screen
I check my phone a lot, but I don’t stay up overnight
But I have been actively watching the chart during like 7/10 big liquidation events of last year or so
Have to learn when to pay attention I guess