On the 4-hour level, the Bearish line continues to decline, and the overall weak pattern remains unchanged. Although there may be occasional Rebounds in price, the overall market movement is particularly slow. It is recommended to focus on high shorts in the evening. #十二月降息预测 $BTC Bitcoin strategy: Short in the range of 102000-102500, target 100500 Ether outlook: Short in the 3340-3380 range, target 3230

The knife cut deep last night. 350,000 people across the network have been liquidated, with 1.2 billion dollars evaporating into thin air, and the fear index has plummeted below 20. The market is in misery, but if you calm down, you'll realize that money never disappears into thin air; it merely jumps from your pocket into someone else's account. **💸 This round of bloodshed is essentially a "blood extraction game"** Last night's plunge looked like a market crash, but in reality, liquidity was systematically drained. Two numbers are worth noting: - US Treasury auction size: $163 billion - TGA Treasury Account: This week surged by 57 billion. What does this mean? The Ministry of Finance is crazily "locking up liquidity," and the bond market is like a giant pump, sucking all the money from the crypto market. The Federal Reserve, the Ministry of Finance, and traditional banks are working together to directly siphon liquidity from the crypto circle to the bond pool. The result is obvious: BTC, ETH, and various altcoins are bleeding out instantly, with prices in free fall. This is not a crash; it is the standard operation of the US debt sucking cycle. **🐋 Where did the 1.2 billion go? Who picked it up?** On-chain data does not lie: - 3 hours after the liquidation, the top 50 ETH addresses had a net inflow of 190 million USD. - Market makers Jump and Cumberland bought 12,000 BTC at a certain leading exchange. - Some Asian institutional wallets were suddenly activated, with a 37% surge in buying volume within 24 hours. Did you understand? The whales are laughing below as they take your liquidated positions; the chips you sold at a loss have long been packed into cold wallets by institutions. This wave of crash, to put it bluntly, is just a large transfer of chips — retail investors panic and flee, while smart money takes advantage of the chaos to enter the market. The market is always playing the same script, only the actors are different each time.