This wave of big decline is far from over, don't expect a rebound in the short term.

Today's Bitcoin long-short ratio is still as high as 3.2 or more. What does it mean?

That is, the number of people who are long is 3.2 times that of those who are short. Look, with market sentiment so high, how many people open short orders? Almost all of them open long orders, and they all fantasize that Bitcoin can soar to $100,000.

The problem is that the dealer will not be soft-hearted. Faced with such a long-short ratio, it would be strange if they didn't smash the market hard. Think about it from another angle. If you are the dealer, what would you do at this time? You must take the opportunity to smash the market, smashing it so that no one dares to open a long order, and everyone panics and sells, buying low-priced Bitcoin.

The dealer's routine is actually very simple: smashing the market can make money from longs and buy cheap Bitcoin.

As a retail investor, you should deal with it like this:

1. Don't take the risk of opening a long order to bet on a rebound at this position.

2. Invest in spot every day to lower the cost.

3. Firmly believe that the bull market is still there. Those whose positions have been liquidated today can be given priority, and those that will rise tomorrow will also be given priority.