Why has the market become so pessimistic again? People are starting to look at numbers starting with 4. A few days ago, people were still looking at numbers starting with 8, 9, and 10!
Objectively speaking, the 64,000-69,000 range is densely stocked, as we have discussed before. If there is a substantial break at this position, it is only possible to fill a gap of 58,800-60,800.
It is scary to look too far ahead. Yesterday, the net outflow was indeed a bit strong. Compared with the first day of Grayscale users building mini positions, yesterday was basically a net outflow, with an outflow of 140,000 and only 4,000 positions. The net outflow of the entire market is about 96,000.
