It's indeed quite tragic. Although the price of $BTC was still around $73,000 yesterday, investor sentiment has already deteriorated significantly, especially with BlackRock investors directly exiting over 5,000 Bitcoins. Today, the decline is even worse compared to yesterday, and it's estimated that there will be even more exits today. While U.S. stocks are also falling, the decline is relatively lower when converted, but the situation in cryptocurrency is hard to describe.

The most important thing is that this drop, including U.S. stocks, does not have a clear negative catalyst. The decline is inexplicable, and without knowing the reasons for the drop, bottom-fishing can only rely on the VIX.

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