Let me share some recent thoughts with everyone. As you all know, my spot holdings are also in a trapped state, but Lao Wang has been mainly doing short-term contracts, so his contract positions are very safe. If the situation turns bad, he will close positions immediately. Tonight's sharp decline has many asking for the reason. Actually, no reason is needed. After a sharp drop, negative news, and a liquidity vacuum, large long positions like MicroStrategy, Huashang, and Ethereum's treasury companies are all reducing their positions to lower the risk of liquidation. I've told everyone before,
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