"Why did it suddenly drop so much today?" The following three observations and analyses:

1. Leverage Flush:

A few days ago, when BTC surged above $90,000, the market accumulated too many "long contracts." Major institutions took advantage of this pullback to liquidate these overly optimistic high-leverage retail investors. This is referred to as a "healthy correction" in a bull market, intended to lighten the load on the vehicle so it can be pulled higher later.

2. Macroeconomics:

• Strong Dollar Index (DXY): The recent strong performance of the dollar typically puts short-term pressure on risk assets (such as U.S. stocks, Bitcoin, gold). Funds temporarily flow back to cash in dollars for safety.

• Geopolitical and crude oil fluctuations: The instability of the international situation leads to a temporary wait-and-see approach for funds.

3. Profit Taking at Year-End:

As December approaches, many institutional funds need to settle their performance and will sell off some liquid assets (such as BTC) to lock in profits, creating short-term selling pressure. $BTC

In summary, it is crucial to hold onto your beliefs and not get left behind.