Friends, last night's market can be summarized in one sentence: Gold, silver, crypto cats, tech giants, and even Nasdaq, which you have invested in, collectively staged 'Who is the Diving Champion'. Some netizens say this is a 'global asset consumption pleasure', while some experts speculate that a cross market algorithmic robot suddenly emo - after all, even gold, a 'safe haven veteran', has collapsed. Have aliens started selling Earth's hard currency? However, upon serious (pretended) analysis, there are often three possibilities for this sudden collapse of the entire variety: one ️⃣ Liquidity Ghost: A large institution's liquidation triggered a chain of liquidation, and robots stomped on each other. two ️⃣ Message 'Wolf Comes': Fake news circulating in the middle of the night was swallowed by algorithms in one second, such as' The Federal Reserve announces the use of Dogecoin as a reserve asset' (not). three ️⃣ Cross market resonance: one market crashes → hedge funds sell off another market to replenish margin → everyone bungee jumping together. But most importantly - is your position okay? ​ If you slept soundly last night, congratulations. Either you are a regular Buddhist player, or you have already suffered losses and are calm like Zen. If you stay up late staring at the plate, you may be surfing while pouring coffee at this moment ， Searching for the 'culprit'. Suggest turning off the screen and feeding the cat/dog/yourself, the market is crazy, you can't go crazy. Finally, I offer classic comfort: 'The market is always born in despair and grows in half belief and half doubt.'. Of course, if tonight continues to collapse... then just pretend I didn't say anything.