The trigger for these waves of declines is that I said in yesterday’s article that something big will happen in the near future, because the market has been rebounding last week, but after the weekend, the market immediately changed 180 degrees. This is likely to be related to ETF funds. It is related to changes in flows. As expected, the ETF reopened last night after a three-day break. Grayscale GBTC smashed 303 million, while BlackRock and Fidelity did not react. The capital inflow was only 165 million and 4400 respectively. Millions, the capital inflows of several other ETF institutions are in the millions, which cannot help at all. This also led to the overall outflow of funds from ETFs last night, with a net outflow of 85.7 million US dollars. Although the amount of funds is not large, it has a negative impact on the market. The destructive effect of emotions is very significant. This may also be the trigger for the market to plummet during the day. The main players feel that the outflow of funds from ETFs may continue and choose to avoid risks in advance.