#市场流动性状况 After seeing Arthur Hayes' views, I feel he makes a lot of sense. I've been closely monitoring market liquidity recently and have indeed noticed that BTC's decline has been relatively limited. However, I will remain cautious, since calling the bottom is always a technical task.

At this stage, I prefer to stay on the sidelines and moderately diversify risk. For those looking to copy trades, I suggest first controlling your position size and choosing some conservative traders. If U.S. stocks really show a significant correction, then consider increasing positions or adjusting strategies as appropriate.

After all, everyone is waiting for the Fed to inject liquidity, but this process may be more complicated than expected. Patience is important—don’t rush to go all in. I’ll continue to follow a few experts who are good at capturing macro trends to see how they are positioning. Only by exploring in practice and summarizing in a timely manner can we seize more opportunities in future major market moves.