#加密货币市场动态 After the market pullback, retail investors are filled with sorrow. But to truly identify the hardest-hit areas, we must look at those institutions with heavy positions. Take, for example, a publicly listed company that is crazily coin hoarding; this round saw a 36% retracement, which is already tough, and as a result, their stock price plummeted—70% fall, almost a 50% Slump again.

What’s even harsher? The company’s daily interest expenses amount to millions of dollars flowing out, and under such cash flow pressure, the shrinkage of assets and the cost of debt form a double squeeze. This leverage play acts as an amplifier in a bull market, but turns into a meat grinder in a bear market. Retail investors lose their principal, while institutions may lose their entire business model.