I just looked at the data again, and the capital outflow is very fast. Bulls should pay attention to the risks.

In this round of the market, the cumulative capital of the largest BTC contracts reached 6660m. On May 30th, the system indicated that the main force had already fled. By that time, the maximum accumulated capital had already decreased by 50%. Then, on May 30th and June 1st, the capital accumulation continued to decrease, indicating that market funds were busy retreating.

The first circle is from March 26th when Bitcoin rebounded to 88000. At that time, I also noted that the main funds had retreated. Later, when it dropped to 84000, I subjectively believed it had bottomed out and started buying long positions. After that, it continued to decline until it reached 76000, when the main force finally started to absorb and accumulate. What I mean by this is that no one can predict where it will drop to. If someone predicts it, it’s just lucky guessing. Let them try to predict 10 times in a row and they will be exposed; no one is a deity.

However, when we truly see the main force starting to accumulate at a certain volume, it indicates that the main funds have intervened, and the bottom is formed. This is not a subjective view, but objective data.

So, I don’t want to analyze and predict where the pullback will be or when it will bottom out. I can't do that. Once the main force intervenes, the website will indicate it later. When BTC reaches the conditions for intervention, we can enter on the right side.

Everyone has their subjective views, but often it is the subjective views that lead to significant losses.