"White-Haired Stock God" Serenity: Be cautious in viewing Bank of America's bearish outlook; the large negative news may be due to institutions needing liquidity.

"White-Haired Stock God" Serenity: Be cautious in viewing Bank of America's bearish outlook; the large negative news may be due to institutions needing liquidity. BlockBeats news, June 9, "White-Haired Stock God" Serenity stated that for those currently citing Bank of America’s bearish view, they need to remember that Bank of America in March this year claimed that EWY/KOSPI, related to SK Hynix and Samsung's Korean memory chip stocks, was in an extreme bubble. At that time, Bank of America attributed the rise to retail investors and implied that retail investors should sell Korean memory stocks, also comparing it to the 2008 financial crisis, the internet bubble, and the silver crash.
Next, three things need to be watched: whether related funds continue to flow in, whether on-chain trading volume and holdings keep expanding, and whether project teams or regulators provide new confirmation information. A single piece of news can only indicate that sentiment has been ignited; subsequent data will determine whether it can settle into a trend.
Risks should also be on the table: Serenity said that shortly after retail investors sold their long positions, storage chip stocks instead rose to a historical high. Serenity states: "Institutions are not your friends."
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