This wave really woke people up. I initially thought it was just a normal correction, but it turned into a waterfall decline. The price dropped rapidly and aggressively, leaving almost no room for contract positions to breathe, and stop-losses were triggered one after another as if precisely targeted. The hardest part is that just after being shaken out, the market experienced a brief rebound, making people question their lives. In fact, this more resembles a capital cleansing, with big players reducing leverage and clearing risks, while retail investors become the casualties. After this, only then did I truly realize the nature of the market.