A tip about market consensus:

The rise and fall of prices are determined by market consensus, and the most fundamental operation is the analysis of buying and selling willingness. Those long-term funds are a kind of direction indicator of bullish consensus in the market. Once these long-term funds change or withdraw, it is extremely easy to trigger the market's risk aversion and lead to a downward trend in the market;

Only when the market reflects whether the withdrawal of long-term funds is due to its own reasons or problems with the fundamentals of the underlying assets, will the withdrawn assets have room to recover~

(You can use grayscale to understand the above paragraph)