The U.S. spot Bitcoin ETF “staged a mass exit” directly last night—net outflows were as high as $630 million! Once this data came out, it’s likely that quite a few people’s hearts skipped a beat, but this isn’t a crash at all—this clearly looks like top-tier financial groups playing an “extreme stress test”! Old-timers all know: at this level of capital leaving, it’s often the main force using macro data as a smoke screen, going wild with wash trading on the exchange—deliberately manufacturing panic to shake out shaky hands. Don’t be scared by how frightening the numbers look; in fact, this is precisely showing that the game has entered a heated phase—big money is changing hands on the U.S. side, and we must not be spooked into getting out of the exchange by this “false fire”!