Let's talk about encryption. Do you believe in the emotions of the mob, or do you believe in logic and the inevitability of financial games? The 'panic period' is a stage, not referring to a few days when the means of creating panic in the market are just right: constantly hitting new lows every day, and the magnitude of each decline is not significant, with a new low → rebound → another new low → rebound again Just operate like this, yesterday we brought nearly 1 billion in leverage. The popular saying 'Asians take over the market, Americans smash the market' is a logic made up for fools. When it comes to running, no one cuts faster than Asians. If you believe it, tomorrow it will start to turn into a day of smashing and a night of rebounding, changing positions to clear the leverage. The encryption industry was initially initiated by a group of geeks (individuals), and then praised by a large group of willing to try the crab (retail investors). Eventually, institutions entered the market to sell, national teams entered the market to recruit, and the chips of retail investors continued to decrease. Then the institution manipulates one cycle after another, completing the transfer of wealth in this process. The deduction of this script is almost inevitable. Especially this year, the turnover of mainstream currencies has been particularly intense, with CEX's chips continuing to decline. After a few years, retail investors will hardly be able to buy real BTC and will be replaced by BTC derivatives from various institutions. For Lao Yu, I don't look at emotions, only at the actual actions of the institution: Tom Lee's BitMine has increased its holdings by 528000 ETH since 1011, with an average price of 3460. This is still a conservative estimate. 2. Micro Strategy has increased its holdings of 9840 BTC since 1011, with an average price of 10w3 1% of Dalio's investment portfolio is allocated to BTC 4. Mu Mu Jie continues to increase her holdings of BitMine stocks ... BTC ETH is accelerating its "de retail" trend, and in fact, the impact of retail investors on prices is already very small. The decline is just to make you leave. In the habitual thinking of retail investors, they always imagine institutions as big leeks like themselves, thinking that institutions are losing money, being trapped, and about to cut flesh .. Childish. I dare not say that the current price is the lowest point, but compared to BitMine and Micro Strategy, this is already a cost-effective range. As long as the money in your hand is not in a hurry to use, use spot stocks in batches and boldly buy the bottom, standing on the side of time. Don't push or be influenced by emotions. Above, Lao Yu shared today.