According to Miles Deutscher, degeneracy in crypto trading can be both a powerful tool and a significant risk, depending on how it is managed (source: Miles Deutscher on Twitter, May 18, 2025). Traders often take aggressive positions seeking outsized gains, but unchecked risk-taking can quickly lead to large losses. This insight emphasizes the importance of balancing risk appetite with disciplined strategies, especially in high-volatility markets like crypto. Understanding and managing trading psychology is vital for long-term profitability and can impact overall market behavior during periods of extreme volatility.