His mother crazy! Last night, I came across the latest interview with executives from Fidelity, who are in charge of $7 trillion. They fully exposed the new gameplay of Wall Street's violent crackdown on Bitcoin. They are using a "Bitcoin perpetual preferred stock" with a face value of $100 and floating returns to forcefully extract nearly 100000 chips from the market. The most terrifying thing is the devouring acceleration of this financial instrument: since March this year, institutions have directly bought 70000 pieces, and in April, they set a crazy record of grabbing 30000 pieces in a single week. Don't stare at the pitiful buying and selling orders of individual investors on the market anymore. This extremely outdated compliance tool has become a super black hole that drains Bitcoin's liquidity. The giants on Wall Street are completely disdainful of speculation. They are using traditional financial infrastructure to systematically plunder core assets in a dimension reducing manner, and the huge buying engine has just been ignited.