Two consecutive tweets are recommended for those who have free time to read. Currently, institutions, hedge funds, and retail investors are all selling. A friend asked, where did the money go? Some of them went to ETFs (not cryptocurrencies) for hedging, while others went to the South Korean stock market. The net inflow of funds attracted by the South Korean stock market in the past year has exceeded $2.1 billion, reaching a historical high. In the past four weeks alone, the inflow of funds has reached $3.2 billion. PS: $3.2 billion is inflow, $2.1 billion is net inflow, there is a difference. At present, the market is mainly in a state of "cheers but not cheers". Everyone is optimistic about AI, but almost everyone is selling. The driving force behind the rise is often retail investors on FOMO, and these retail investors can easily become liquidity providers for institutions and hedge funds. I am not bearish on the market, but rather saying that the current stock of funds in institutions is too low and there are not enough bullets to raise prices. Institutions have been reducing their holdings for two consecutive weeks, and a new wave of active price increases may only occur when their funds are abundant (not necessarily releasing). @bitget VIP， Lower rates and more generous benefits