Although there has been another downturn today, from my personal observation perspective, the three major stock index futures of the US stock market have all risen before the market opened. Although the increase is not significant, it is indeed a slight increase, indicating that the overall risk market sentiment has not been broken. Moreover, the US stock market has recovered the share that fell on Friday, and I did not see any negative news even after scanning earlier. On the contrary, after the early morning closing of the US stock market, the market value increased by more than $1 trillion. American investors gave the best answer with money. As for Bitcoin, which is highly linked to the US stock market, I still feel that there is no systemic risk. Moreover, whenever BTC and the US stock market deviate, I like to watch the three piece set. I have finished reading the macro level set without any problems. Then there's the information from the two big shots, @ ai_9684xtpa and @ EmberCN. It seems like ancient whales are interfering with the market again. This has happened countless times. From my timeline, the price drop started at 6am Asian time, and the timeline is aligned. Of course, I don't know if there are other reasons, but at least from a macro and informational perspective, there's nothing wrong. Then there's the data aspect, which won't be discussed earlier. Although the price dropped last weekend and the stock on the exchange increased by 13000, there have been signs of gradual digestion in the past two days. Even though there have been reports of ancient whales selling again, the stock on the exchange is still decreasing, so I don't feel too much pressure. Of course, from the perspective of detailed data, Binance and OKX are still exchanges with net inflows after reports of whale selling, and it is also Asian time. It may be because Asian partners are worried about being knocked down as soon as they get up, so there are some signs of withdrawal. However, overall, the impact of this volume of data is not significant. Then Coinbase can clearly see that even after the news of the whale selling, although there was a small inflow, it was quickly digested, indicating that Coinbase investors still have purchasing power for BItcoin. So overall analysis shows that there is currently no obvious systemic risk, especially with the healthy trend of the US stock market. Let's continue to take a look, as long positions are still being held. Currently, the net loss is 36%, and there are no plans to stop losses at the moment. This article is sponsored by Bitget | @ Bitgetzh