Last night, US stocks rebounded to $70,000 before the market opened, then quickly retreated and fell. This kind of pre-trend spike is a very common phenomenon in the trading market, and investors with large leverage and weak convictions are often shaken out at this time. The weekend's decline was entirely driven by crypto itself. I remain bearish on the market outlook. Despite it being the weekend, block trading is still very active, accounting for over 70% of total volume. Bullish buying is slightly more prevalent than other types of transactions, indicating a situation where buying is accompanied by a decline.