#宏观经济环境 Seeing this news, I feel a tightness in my chest. Bitcoin has fallen below $90,000, with liquidation pressures, weak ETF demand, and macroeconomic uncertainties... These factors combined make the market exceptionally fragile. Recalling previous major downturns, I feel this situation is somewhat similar.

The key now is to stay calm and not be swayed by panic emotions. The liquidation wave has already begun and may continue to cause short-term declines. But in the long run, the market will always return to rationality. What we need to do is manage risk, avoid leverage trading, and keep enough cash on hand to cope with possible further declines.

At the same time, closely monitor macroeconomic conditions and institutional fund flows. If ETF funds flow back in or macro pressures ease, the market may rebound. But until then, maintaining a cautious attitude is the wise choice.

Remember, surviving in this market is more important than making big money. Don't let short-term volatility influence your judgment; stay rational. This is the most valuable experience for us seasoned traders who have endured big swings.