Looking at the data from a leading derivatives trading platform, the shock is quite significant.

Seventy percent of traders are losing money, which is not news. But the key figure is this — the top 0.04% of addresses have taken 70% of the entire market’s profits.

The 28 Law, when applied to the crypto world, becomes even more brutal. It’s not 28%, but 99% of retail investors are losing money, and only 1% are making profits. Among that 1%, very few can actually survive.

Other platforms may not publicly disclose such data, but the logic remains the same. The more active the trading platform, the higher the wealth concentration. Derivatives trading, being a zero-sum game, is essentially a big fish eating small fish. Those traders who manage to persist are either well-funded institutions or lucky enough to hit the right moves a few times.

To put it bluntly, the fate of most retail investors was sealed from the start. Without sufficient capital, a complete trading system, or risk management awareness, they are just prey in this market.