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This decline feels more painful than in 2022. Several conclusions can be drawn from the data. 1. The speed has increased by 4 times. On the 83rd day after breaking below the 365-day moving average, in 2022 it only dropped 6%, whereas now it has already fallen by 23%. 2. Rejects "gradual decline." Compared to previous slow bleed-outs, this time the selling pressure is concentrated and fierce. Extremely fragile, with support levels rendered meaningless.