Just like 1011, 1.29-2.6 (of course, it can also be written as 1.15-2.6, but 1.15-1.29 is more inclined towards the pullback in that range) is the same, both are massive liquidity extractions. One is a landmark event confirming the bear market, and the other is a continuous plunge and long liquidation event during the bear market process. In a bull market, there will always be V-shaped reversals, but not in a bear market—only rebounds.