Simple understanding: In summary, two words are space, and four words are insufficient space. It has nothing to do with individual investors, and they cannot trust Bitcoin; It has nothing to do with the large (OR) institutions that venture into the air. They wish they could smash it to buy some cheap chips. They also want to smash it, but they don't have any chips to smash it with; It's only related to the main players who laid out their positions at 60000 to 70000 yuan. These main players spent more than half a year collecting chips from early February to mid August, and then you told me to sell them after a price increase of 10000 to 20000 yuan/coin/BTC? Are you a paper hand like you as the main force? So as long as they don't sell, they won't be able to smash the market; In the case of a poor overall market environment, we cannot go against the trend and pull the market. We can only do this to recover and cut off contract liquidity, which is just a way to clean up floating funds. The sharp decline in semiconductor and global stock markets, as well as the relative strength of Bitcoin, have fully verified this logic. However, if you insist that Bitcoin is just trying to make up for the decline, I think it is also correct. Indeed, it is correct.