There is still a support line at $99,000 below #CPI数据来袭 , which won't collapse anytime soon. Secondly, **hedging demand has directly 'laid flat'**. Previously, the MY war was intense, and the big pie could still serve as a hedging tool, but now that the storm has calmed, everyone is no longer panicking; who still hoards the big pie as a 'talisman'? There's also a key point—**there's not even a shadow of interest rate cuts**. Without the hype around interest rate cuts, the big pie has no strength to rise. Moreover, tonight there is the **CPI data 'big test'**, which is a 'time bomb'; funds are afraid of stepping on a landmine, so it's understandable that they are withdrawing to observe. Lastly, it depends on whether **US stock funds will come to the rescue**. If US stocks rise and there's nowhere for the money to go, it might flow into the big pie market. But then again, the big pie is also considered a high-risk asset; whether it can draw blood is still uncertain! Overall, regarding the recent drop in the big pie, it hasn't really encountered any fatal bearish news. Once tonight's inflation data is released, will the market reverse or continue to slump?