#ETF市场需求变化 This wave of decline reminds me of the painful lessons from the past. The market is always like this—after a wave of enthusiasm comes harsh reality. ETF capital outflows and liquidation waves surge, and everyone is panic selling. But upon reflection, isn’t this exactly the risk we repeatedly emphasize?

Overleveraging, lack of liquidity, macro risks—these are all old issues. Unfortunately, many still get blinded by short-term profits and forget the ruthlessness of the market.

Now, when I see people say this is manipulation, I just want to say: stop making excuses! The market is so brutal, all we can do is improve our risk awareness and learn to stay rational during highs.

Although some analysts predict it could rise to $170,000 next year, I advise everyone not to be too optimistic. Stay vigilant, control your positions, and prepare for the worst. After all, in this market, surviving longer is more important than earning more. Let’s stay alert together and survive this war without gunfire.