Last night's global market bloodbath came more fiercely than expected. Legendary short seller Michael Burry—who predicted the 2008 mortgage crisis—has now turned his attention to the AI myth. His Scion fund has invested nearly 80% of its assets in short positions on Nvidia and Palantir, with Palantir's put options alone burning through $912 million, and $186 million also being poured into Nvidia. Although the stock prices of these two companies reached new highs after the end of September, causing Burry a temporary paper loss, this level of betting serves as a warning to retail investors. The situation in the cryptocurrency market is even more shocking. Bitcoin has broken the $100,000 barrier for the first time since June, plummeting to a low of $99,000, with a single-day drop of over 7%; Ethereum is even worse, directly halving its value, dropping below $3,100, with a decrease of nearly 14%. In the past 24 hours, more than 400,000 people have been swept out of the market, and $1.799 billion has vanished in an instant — equivalent to about 12.8 billion yuan. Now many analysts are saying: if Bitcoin can't hold the $100,000 defense line, the next wave of selling may head straight for the $74,000 pit from April. The leaking house coincides with the night rain, and the U.S. government is also playing with fire. The Senate rejected the temporary funding bill on November 4, and this "shutdown" is about to break the record for the longest in history. The two parties are deadlocked over healthcare benefits, with insurance premiums skyrocketing, putting 4 million Americans at risk of losing coverage. Transportation Secretary Buttigieg has already stated: if this continues, some airspace may be closed directly. It's important to know that there are currently 13,000 air traffic controllers and 50,000 security personnel working without pay, and the tension in aviation security has reached its limit. This round of market turbulence, to put it bluntly, is due to multiple landmines being triggered at the same time: the Federal Reserve's policy expectations are wavering, the valuation bubble of tech stocks is being questioned, and the U.S. government shutdown has left the economic outlook in a haze. In this environment, the wisest approach is to control positions, stay away from high leverage, and not let yourself become one in 400,000. Observing and waiting is the survival rule of the moment. A short-term strategy of quick in and out may be more reliable than any aggressive bets.

Last night's bearish belt hold sent the market straight back to the Ice Age. Nearly 500,000 people across the network have been liquidated, while the capital market is just over 2 billion? What does this data indicate? It indicates that the market has already been cleaned out, and now there is not even a scrap left. This so-called bull market is so poor that it makes people question their lives. BTC and ETH have both hit new lows. It's even more severe than the spike on October 11th. The market is as cold as a morgue at midnight, and even the sound of trading recommendations can't be heard. However, speaking of which, panic at this level often signals that large funds are preparing to take their profits. To those friends who are still madly placing orders, I advise you to calm down. Your accounts are almost at the bottom, yet you still can't stop? I placed a short position at 3720 the day before yesterday, and it seems that I timed it quite well. Friends who followed along should have made some profit. I also added to my position at a high level. Just hold your short position at the high level, don't get shaken out. I already have a clear idea of the next entry point, and we can discuss it in detail later.

Larry Fink, the head of BlackRock managing $13.5 trillion, dropped a bombshell a few days ago at the Hong Kong Fintech Week—he said that asset tokenization will be the next round of financial upheaval. In simple terms, in the future your funds, stocks, bonds, and even your monthly salary may no longer be cold numbers in a banking app, but instead stored in a digital wallet like BTC. International transfers? Instant arrival, with basically zero fees. Imagine all 53 trillion dollars of ETFs moving onto the chain; buying US stocks with stablecoins would be as smooth as sending red envelopes now, and without any commissions. Fink is quite straightforward in his speech: "Gold and Bitcoin? They are products of fear." When the market lacks security, everyone piles money into these things. But now, there is already $4.1 trillion sitting in global digital wallets, and the number keeps rising. BlackRock is not just talking the talk - they have already launched a tokenization fund called BUIDL on Ethereum, now with a scale of $2.8 billion. This is not just empty talk; it is real money in motion. For ordinary people like us? Maybe in five to ten years, we will directly transfer digital fund shares as New Year's money for our children. By then, digital wallets will replace the functions of bank cards and securities accounts, allowing cash and various assets to be exchanged freely on the blockchain. This has nothing to do with trading coins; it is the rewriting of the entire financial game rules. Understanding this early is certainly not a bad thing.