Fear is the best tool for market manipulators to force retail investors to sell their chips at low prices.
Retail investors have withdrawn approximately $4 billion from the spot ETFs of Bitcoin and Ethereum, surpassing the historical record net outflow in February.
This behavior stands in sharp contrast to the capital flow of retail investors in the stock market.
Retail investors have invested about $96 billion in stock ETFs (including leveraged products) in November—if this pace continues until the end of the month, the total will approach $160 billion, comparable to the levels in September a

See a picture
Distribution of 1.4 billion people in China A
Renminbi
The scale of A8 is quite large.

Top trader ( betting dog )
No stop loss
Only liquidation
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rise and fall share the same origin
After the approval of the Bitcoin ETF, institutional buying has risen, and so has BlackRock.
Institutional users are starting to sell now, resulting in a fall for BlackRock.
Today, BlackRock institutional clients reduced their positions:
Bitcoin $513 million
Ethereum 166 million USD

24 hours
Liquidation of 947 million USD
A total of 176,753 people have been liquidated.

$BTC from 15,000 to the current two-year line level perspective
In this entire downward trend from zone 116, this is precisely a test of the support trend line for the upward movement.
By the time we get here, the easiest and most obvious bear phase has basically ended.
Current core expectations:
As long as this year's opening price can roughly hold, the market is likely to fluctuate around the annual opening.
In other words, both bulls and bears still have room, but the structure is no longer suitable for blindly shorting; instead, it leans more towards finding bullish opportunities near