The recent market situation is truly extremely abnormal. I looked at the bearish side, and a 5 billion USD position is just stacked above, almost like openly telling everyone that the big bears are sharpening their knives and ready to break through. But in this extreme scenario, the bulls have been almost completely wiped out; those who should run are running, those who should be liquidated are being liquidated, and it's hard to find buy orders.

This is no longer a volatile market; such a level of imbalance between bulls and bears has entered an extreme one-sided state. The upcoming trend essentially has only two extreme directions. One is the 5 billion bearish position being directly crushed, triggering a chain of liquidations, with a large bullish candle rising sharply, and blood flowing in the bear camp. The other is the sell-off breaking through the last fragile support, causing the bulls to become completely hopeless, leading to a waterfall decline.

In this market pattern, there's no more room for gentle fluctuations or sideways movement. Such a level of imbalance will definitely end very violently—either the bears are completely uprooted, or the market plunges dramatically, with little room for buffer in between.