Boss Yi reminds me of the last round's 3AC. When he started selling coins to secure his margin, it was already the beginning of self-liquidation, indicating that there were no extra bullets to replenish the positions. The key point is that investors cannot just watch their assets being liquidated; they will only accelerate Boss Yi's death spiral, leading to an outcome similar to 3AC. No one can resist the power of the cycle. Once liquidation occurs, it will trigger a series of black swan cascading liquidations. Those looking to buy the dip can only do so through spot dollar-cost averaging. It is far from over, but the spot price at this level is very appealing.