The script for each cycle is the same. Small retail investors' funds are eroded, while savvy investors seize the opportunity to accumulate wealth. This is written for those who have limited funds in the crypto space but are clear-headed. To put it plainly, this game relies on brains, not capital.

Here's how savvy investors play:

First, maintain liquidity. Never go all-in; this is an ironclad rule. Always have ammunition to respond to sudden opportunities. Second, learn to wait. Most of the time, it’s about observing and thinking, waiting for the true signals to appear. Third, understand the cycle. A decline is not the end but a time to accumulate. Stay rational during rises, and downturns are the real test.

Having less capital is actually an advantage—quick to turn, fast decision-making, low cost of trial and error. The key is not to be driven by emotions or to follow the crowd and go all-in. Continuous learning of market logic is much more valuable than blindly increasing leverage.