The reason for today’s sharp drop is that I saw what Teacher Ni said, and I think it is very pertinent. I will forward it to you now: the current geopolitical conflict has intensified, especially after Russia announced the unilateral termination of the nuclear treaty, the risk market is expected to be bearish. On the one hand, it is aggravated by the panic about the escalation of the war. On the other hand, it is believed that the escalation of the conflict is not conducive to inflation management. The Fed’s headwinds will also increase the economic tightening. On the other hand, for the currency market, European stock markets have fallen across the board, and NATO may enter the market. The market value growth of USDT and USDC has slowed down significantly, and BUSD’s fund departures cannot be connected. Not only did Hong Kong’s BTC and ETH drafts not attract financial attention, but geopolitical issues may even trigger the departure of U.S. dollar assets. For the currency market , not very friendly.