Now it’s just a matter of when this portion of funds used for dip-buying will take profits. Will it be near the support level of the tariff war? Or near the support level of a bear market rebound? Or maybe they’ll consider both the price level and market sentiment—like when optimism runs high and many retail investors start chasing. At that point, this group of funds that ignores bearish news and actively initiates a 'should drop but doesn’t, so it rises' move will take profits.