All celebrities, billionaires, and funds worldwide are doing the same thing: large-scale cashing out, reducing holdings of risky assets, and holding massive amounts of cash.

Global hedge funds have an average current position of 35%, up 13 percentage points from last year, reaching a five-year high.
Warren Buffett's original words: "The current market environment is not ideal; never before has there been a time when everyone is so immersed in a gambler's mentality."
Li Ka-shing has cashed out over 300 billion Hong Kong dollars in total.
It’s important to note that his investments are in power grids, water utilities, ports, telecommunications, and railway leasing, not in bubbles—assets that can be considered perpetual cash flows.
The investment logic of never earning the last copper coin has already begun to be implemented.