Why did Bitcoin's recent crash happen so quickly, as if there was no support?

From 82,000 to 62,000, a 23% drop in two weeks, many people are stunned.
Think it's the whales dumping, right? Actually, no. I looked into the data, and it's much more disgusting than whales dumping — it's ETF institutions fleeing.
13 consecutive days of net outflows, pulling out $4.4 billion over three weeks. BlackRock redeemed $340 million in one day. Do you know what that means? Retail investors can't buy that amount in a year.
Then Strategy sold — that’s MicroStrategy, the one that kept shouting "Bitcoin is the ultimate asset." They sold Bitcoin. I don’t know why they sold, but the market’s reaction is very honest — over $1.7 billion long positions were liquidated.
Leverage users panicked and fled, causing the price to crash from 71,000 to 62,000 in just a few days. Plus, SpaceX is doing a $75 billion IPO, and institutions need to free up cash. Where do they get it? Of course, from the most volatile assets.
So, this isn’t about someone "targeting retail investors." It’s institutions operating on their own rhythm, and we just happened to be on the opposite side. Right now, the fear index is at 11.
The last time it was at this level was during the FTX collapse, when trading fees dropped to zero. What does that mean? The forced liquidations are over, and those who wanted to run have run.
But I won’t say "bottom fishing." I just want to say one thing: if you still have positions, what you need to think about now isn’t "Will it bounce back," but "When will ETF stop fleeing?" Before that day comes, any rebound could be a trap.
Protect your principal; staying alive is more important than faith. #BTC