In yesterday's (early this morning's) assignment, I elaborated on why I want to understand the reasons behind the decline. Without reasons for the drop, it is difficult to analyze the subsequent trends; at most, one can only replenish positions based on the distribution of VIX levels. However, if the reasons are known, there are ways to respond.

Currently, whether institutions are exiting due to insufficient cash flow is just an answer derived from the results, and it cannot be 100% confirmed. Therefore, even when it dropped to $83,000 last night, I did not buy the dip. By the time I went to sleep, it was actually close to rebounding to $85,000, but when I woke up, I found it had dropped even more, indicating that Asian investors are also exiting.

Especially since gold has also started to decline, it is very likely that there are concerns that the exit of European and American institutions is a sign of distribution. Thus, the Asian market is also unwilling to stay quiet, and the U.S. stock market is also declining before the opening, which is likely following this script. If this is the case, it may not be so easy to stop the decline. We will have to see the reaction after the U.S. stock market opens tonight.

Having no cash in institutional accounts is also a significant risk.

@bitget VIP, lower fees, better benefits.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。