Recently, the operations of a certain leading institution have indeed opened people's eyes. This financial backer, who always advocates for firm beliefs, suddenly took the opposite position and sold 748 million USD worth of stocks, euphemistically called "strategic reserves," but in reality, is creating a safe for themselves.

The logic behind it is actually very clear: once kicked out of the index list, those trend-following ETF funds will inevitably withdraw, leading to a sharp drop in stock prices. Rather than passively getting hit, it's better to take the initiative and secure profits in advance. A cash reserve of 2.2 billion dollars? To put it simply, it's the money for survival to hold on without collapsing before 2027.

What is the most ironic thing? Retail investors are still foolishly taking on BTC, SOL, ASTER and other cryptocurrencies, hoping that institutions will continue to increase their positions. Little do they know that those institutions have already put on bulletproof vests and are preparing to withdraw. This is not a crisis of faith; it is a true reflection of a survival crisis.

When you see whales start to hoard cash, it often signals a change in market direction. It's not to say that something will definitely happen, but it's a reminder that institutional maneuvers are always deeper than retail investors can imagine. If you want to survive longer in this game, you must first learn to see clearly what your opponent is calculating.