♛Eft: Recently, the US spot Etf has been in a net outflow state. A large amount of funds flowed out yesterday, with an outflow of up to 248 million US dollars!

(Etf net outflow reflects the pessimism of the short-term market and puts pressure on prices)

♛Market sentiment: As European and American users return from vacation, the market heat has rebounded, but the market is still dominated by weak fluctuations, and the hot spots have not been sustained. Trump moved into the White House this month, and the market is optimistic about the market outlook for 2025. The important reasons for the short-term market's cautious attitude come from (next week's non-agricultural employment data, interest rate meeting and other economic data, and the expiration of the $2.6 billion option on Bitcoin)

♛After Trump took office, the market paid attention to his multiple regulatory issues in encryption!

♛Since hitting a record high of $589 on November 21, MSTR's stock price has fallen by more than 44% to $300. In the past two weeks alone, its market value has fallen by 34%. As a crypto asset that stands out in the U.S. stock market, subtle changes in the market environment have also turned into sharp fluctuations in stock prices. The shrinking premium shows that investors' confidence in its "leveraged Bitcoin investment" narrative is weakening.

Summary: Short-term shocks strangle leverage, investors should avoid short-term trading, but at the same time pay close attention to the key defense line of bulls near 91,500!

(The above information is screened and interpreted for reference only. Investment is risky and it is recommended to stay away from short-term trading)