Look at the picture! Today, spot silver plummeted by over 7%, and gold fell nearly 4%. The peripheral market is all in turmoil, leaving many people confused. Why did gold and silver plummet? A typical combination of high-level profit taking and macro liquidity drain. When the US dollar strengthens or risk aversion sentiment reverses, institutions' first reaction is to indiscriminately sell the most liquid assets to replenish margin. 2. Why does BTC fall less but instead resist? In theory, why hasn't BTC, as a high-risk asset, collapsed in this macro environment? Because we have already completed the cleaning of high leverage and profit taking positions ahead of schedule! There are not many panic markets to smash in the market now, and BTC is showing a rare 'relative strength'. The biggest advantage is that it cannot fall. Once the peripheral emotions are released, the big cake that has already bottomed out will be the first to retaliate and rebound. Under such extreme linkage, do not blindly chase after short positions just because of the sharp decline in the external market. It is extremely easy to be pulled and burst by a pullback. Just buy low in spot prices, and the market will rebound at the level of the Bo Yue line!