Before the Lunar New Year, risk-averse funds continue to flow out, and during this period, shorting on rallies is the mainstream approach. The key observation point is that from now until Lunar New Year's Eve, most institutional investors will exit early to lock in profits. The real opportunity actually lies during the Spring Festival—when the A-shares market is closed, the crypto market often shows independent trends. Traders who position themselves early and wait for the market to restart can usually catch the first rebound after the holiday. From a capital perspective, there is significant pressure to cash out before the Spring Festival, but this also creates an opportunity window for subsequent bottom-fishers.