It’s unclear what the reason for the decline was. Current news shows some fund outflows from ETFs. On April 27, according to data from Farside Investors, Grayscale GBTC had a net outflow of US$82.4 million yesterday, and Fidelity FBTC had a net outflow of US$2.8 million. Bitwise's BITB had a net outflow of US$3.8 million yesterday. BlackRock's IBIT and Valkyrie's BRRR data have not been released yet, and the overall net outflow was tentatively reported at US$83.6 million.

The halving will reduce BTC production. From the most basic supply and demand logic, it is unlikely that Bitcoin will experience an extreme cliff-like retracement this time. If it does, it will almost be sending money to ETFs. Institutions will definitely want to Buying on dips, with ETF funds, it shouldn’t be too extreme to step back after this halving.

If it cannot continue to fall, the market can only continue to explore upwards. If it cannot go short, it can only increase. After all, if the dealer wants to make money, it is either short or long, and it cannot be sideways for too long.

Therefore, I think you still have to bear it, don't cut your losses easily, and continue to resist if you can. Both the bulls and the bears are very anxious. Whoever can find a way to survive to the end will be the winner.

In short, at this time, you should be stable, try your best to work hard to make money, enrich your cash, increase your margin, watch more performances, don't make moves easily, don't buy lows easily, don't chase highs easily, plan everything well and follow the plan. Place pending orders and do not open impulsive orders. Wait for the market to give a clearer direction after it gets tired of performing on its own.

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