Liang Xi's important analysis is here. Looking at Bitcoin today, the position in the contract market has completely exploded, and the liquidation leverage has been completed. If the liquidation leverage is long, the long is the fuel for the decline, then now the fuel is exhausted. Previously, it was mentioned that the market interpreted the reduction in Bitcoin production as a negative, and the early pricing of the decline in the liquidation leverage, then after the reduction in Bitcoin production, it is equivalent to the decline, and the adjustment has been completed in advance. Including today, I looked at the leverage of the altcoin market, and it was also hit back to the original point. The overall altcoin fell by 50 points, and the long leverage exploded. I also observed the people around me. Many people said that the profits of half a year were gone. It took half a year to rise, and only two days to fall. There was a feeling of working in vain for half a year, wasting a lot of time. Generally, after the bull market clears the leverage, the speed of the rise will be much faster than the first wave, and it will be able to go back soon. It doesn't take too much time. You can review the previous bull market.

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