This market is brutal. Over the past 24 hours, $525M worth of positions have been liquidated across the crypto market, including $443M in long positions. This morning, $BTC officially fell below $80,000. What worries A Jian is that this was the only price level in this downturn that still had a psychological round-number floor. Below it, all that remains is the technical long-liquidation level at $76,764 and the 200-day moving average at $72,945. The area between these two levels is the final technical buffer in this downturn. On top of that, the inflow ratio between retail traders and whales is currently too high, so I don't recommend adding to positions or shorting right now. Retail traders can't afford to keep adding to average down, and blindly jumping in could easily make them marginal buyers, only to be beaten by those with a lower cost basis. Otherwise, why do you think I said yesterday not to blindly follow the positions of Arthur Hayes, that big Black guy? Selling out and immediately calling for a downturn is exactly how you spin a liquidity narrative: bearish sentiment can help him buy back his remaining position (if he has one) at a lower price. That's how this industry works. Just so you know.