#ETF市场需求变化 Recently, the wave of BTC dropping below $90,000 indeed caused some panic. The liquidation wave was fierce, with 140,000 traders forced to liquidate within 24 hours, resulting in nearly $500 million in losses. The outflow of ETF funds is also a significant blow; the iShares Bitcoin Trust Fund under BlackRock has been experiencing net withdrawals for six consecutive weeks, totaling over $2.8 billion.

However, I think there's no need to be too pessimistic. Such sharp declines are often a healthy correction opportunity and also give us a chance to build positions at lower levels. The key is to control your positions carefully and enter gradually. I will closely monitor the trend in the $91,000-$95,000 range, while also being alert to the potential new liquidation risks around $86,000.

Overall, short-term volatility is inevitable, but I remain optimistic in the long term. JPMorgan's forecast of $170,000 by 2026 is still very encouraging. Next, I will continue to follow a few experienced traders with steady strategies to see how they respond to this wave of market movements, and then adjust my own strategy accordingly. After all, practice makes perfect, and the market is always the best teacher.