The market has a viewpoint that some institutions have begun to reduce their positions at high levels, with BlackRock becoming the main player.
Their operation is not clear-cut, but rather profits from buying low and selling high. According to data, the ETF issued by BlackRock experienced the largest single-day net outflow since its establishment on May 30.
Historical patterns show that whenever BlackRock sells off significantly, the market often finds itself in a stage of sharp decline or accelerated downturn, and this trend usually persists for a period of time.
Therefore, even if prices experience a strong rebound, there remains a significant risk of further decline. In other words, only when BlackRock re-enters the market on a large scale can the market truly stabilize; for now, patience is needed to observe changes in the situation.