The 1011 insider whale on HL has been exposed, and $200 million has vanished. ETH has been significantly weaker than BTC since yesterday, and only started to rebound after hitting the liquidation line of whale early this morning. It's clearly targeting the liquidation of whale. Meanwhile, BTC spiked to 75K, and Binance's BTC perpetual contract open interest plummeted by 10,000 BTC, essentially releasing all the positions accumulated over the past month. LSUR also rapidly declined from its high. This pattern of "open interest rising in sync with LSUR during the decline" followed by "open interest and LSUR falling rapidly" is a typical example of short sellers gaining an advantage and then adding to their positions, causing a large-scale liquidation of long positions before withdrawing their selling pressure. I think there's a need for a rebound in the short term. First, the cost line of micro-strategies will provide psychological support. Secondly, there are no larger leveraged positions available for targeting. Unless there is another macroeconomic crisis, judging from the market's shareholding structure, most of the long positions have already been liquidated, and the short positions have no incentive to continue pushing the price down. My long position was stopped out at 84.5K, so I re-entered some long positions below 80K, and the current average price is around 78K. We've profited handsomely from this pullback, but having been making money since the end of November last year, the headwinds were bound to come sooner or later; there's no escaping them. Since 1011, quantitative long positions have been halved and running, and the current drawdown is controlled at around 15%. We encounter this kind of headwind period about three or four times a year. Normally things go smoothly, but when it's headwind, we try to control the decline. The strategy will automatically exit long positions once prices rebound and the MPI rises. Stop-loss is also part of trading; just take it in stride. I've been through this many times before.