Today’s lunch:

Major events will basically be concentrated tomorrow and the second half of the week, so today should be relatively safe and uneventful, so today I will mainly talk about the market.

After failing to effectively break through 25,000 yesterday, the small level began to rebound due to the divergence from the bottom, so today is probably a safe and uneventful day, and there will not be any decent rebound. Similarly, the probability of breaking through 25,000 again today should not be high. Because after yesterday's sharp decline, there will be short sellers and bargain-hunting opponents. If the short sellers continue to exert pressure, there may be a backlash. This is why after a large unilateral market, there will be a shock relay and rebound. The operation methods of the market are similar. However, there were not many liquidations of long orders yesterday. The total liquidation of positions in the entire network in 24 hours was only 100 million. And judging from today’s data, the bulls did not have much increment. They are all rebounds caused by the closing of short positions. Therefore, overall, the probability of a relay decline today is high, and it will continue to be suppressed after a small rebound or short squeeze.

ARB fell relatively miserably yesterday. Many data show that large investors suffered big losses on ARB, and they all chose to sell to stop losses. The daily MACD underwater death cross is a more important stop loss signal. Data statistics 7 giant whales sold 20 million coins and lost more than 8 million US dollars. I guess no one will talk about the weight of the car this time. OP has become the most resilient in this round of decline, even more resilient than ETH. My personal allocation There are more ARBs than OPs, and the cost of ARBs is higher, so the overall calculation is a loss. And I don’t plan to continue to cover my position, so I’ll just let it go.

Tomorrow is very important, and there are many events tomorrow, and the events can reflect yesterday's morning participation. Therefore, it is expected that there will be relatively large fluctuations tomorrow night. Pay more attention to tomorrow's trend. If it breaks 25,000 again, yesterday's view will remain unchanged.

Today’s panic and greed index: 32 (panic)