Bitcoin has reached 878. Yesterday, ETF outflows exceeded 400 million again, indicating that the market's sentiment towards Trump's tariffs on Europe is bearish. Bitcoin surged to around 980, then dropped back to 878, roughly a 10,000-point decline.

The market is always right. I think it will go to 982, but it didn't, and it just dropped. Thinking about Trump opening short positions, making a quick profit. Then I consider CZ's statement that the NYSE opening multi-chain stock tokenization is a positive for crypto and crypto exchanges. However, the market trend proves it's not a positive but a negative, a big negative.

Tokenization on the NYSE is inherently bearish. Imagine in the future everyone can buy stocks through wallets—how many will buy junk clones? Data mapping of crypto exchanges, Robinhood's proxy trading—none can beat direct trading on the NYSE.

Overall, Bitcoin is supported around 868-885. There will be a rebound at this level, possibly reaching 920, then continuing to decline. I think the 806 level is very likely to break, and Bitcoin will head toward the 700s. Give Bitcoin some time.

This morning, I saw my contract was already stopped out. Trading contracts requires stop-losses and no adding positions. If you make a mistake, you'll get hit; if you're right, you'll eat the gains—that's the iron law. My spot holdings are also trapped, but I’m not worried. If it drops, I’ll buy slowly.