During the big dump, the only survival rule for retail investors is: don't gamble, don't be greedy, don't die!

1. Real Data: Behind the Bloodbath, Who is Harvesting Retail Investors?
1. Current market situation
· Bitcoin: For the first time in 7 months, it fell below $90,000, reaching a 24-hour low of $89,750, with a fall of over 5.8%.
· Ethereum: fell below $3000, with a fall of 6.43%, total liquidation of $935 million across the network, and 175,000 people were liquidated.
· Truth: Long positions liquidation accounts for 69.5% ($650 million), retail investors become the biggest losers.
2. Core Issues
· Institutional withdrawal: ETFs have seen a net outflow of $2.6 billion for 5 consecutive weeks, with large funds leaving faster than retail investors.
· Macroeconomic strangulation: Fed rate cut expectations cool, risk aversion spreads, and cryptocurrencies become cash machines.
· Emotional Collapse: The Fear and Greed Index approaches extreme fear, retail investors panic sell, and whales are lurking to buy the dip.

2. Retail Investor Survival Rule: Don't bet on luck, rely only on strategy.
1. Capital management: The only bottom line to survive.
Invest with spare money, losing it all won't affect life.
· Quit leverage: 90% of those on the liquidation list died due to leverage.
· Dollar-cost averaging is king: accumulate in batches during a big dump, and take profits in batches during a bull market.
2. Selection of targets: Only touch "undying" assets
· Bitcoin: Market cap accounts for 57.3%, preferred by institutions, still has a rebound foundation after the big dump.
· Ethereum: On-chain innovation leader, RWA (Real World Asset Tokenization) long-term value support.
· Warning: Altcoins and MEME coins are gambling, retail investors have delayed information, and can only be treated as a crop.
3. Emotional Resistance: Reject Noise, Focus on Cycles
· Shielding prediction: No one can accurately guess the top or bottom, the outflow of 2.6 billion from ETFs is a fact, but it may reverse in the future.
· Long-term perspective: If Bitcoin falls to $80,000-$85,000, it could be the next launch point.

Three, current operating strategy: Guard, Wait, Be Ruthless
1. Holder
· Reduce positions as it rebounds to $96,000 - $98,000, keep enough cash, and wait to buy back in batches below $80,000.
· Ethereum falls below 2900 then stop loss, target 2700-2500 for re-entry.
2. Empty position holder
· Start dollar-cost averaging in Bitcoin below 85,000, adding to the position every 10% fall.
· Long with a light position below 2800 for Ethereum, stop loss at 2600, aiming for a technical rebound.
3. Leverager
· Remove leverage immediately! Liquidation data proves: a gambler's mentality = self-destruction.

Institutional capital withdrawal is a short-term behavior. Once liquidity is restarted (such as the Fed printing money), Bitcoin could soar to $200,000.