Spot big orders keep pouring out one after another, net outflow for three hours piles up into a small hill—there isn’t even a single red candle among the twelve K-lines. This isn’t retail investors cutting their losses; it’s people who know the inside story clearing out and running. On the futures side, they’re proactively placing sell orders to pin the buy orders to the ground and hammer them down—buy volume is less than half of sell volume. Who really controls the up-and-down of this chart—do we need to guess? The price grinds just below the moving average; every time it twitches upward, it gets slapped back. The route for any rebound is completely blocked by selling pressure. The bulls are still standing in place waiting for a miracle. This trend is like footprints on the beach as the tide goes out—once the water comes in, they’re gone. Don’t stand there acting like you’re the last piece of rock.