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#Today the crypto market collectively pulled back, what exactly happened? Today BTC, ETH, and most altcoins pulled back simultaneously. Many people's first reaction was that there was major negative news. Actually, I tend to interpret it as "profit-taking after a sharp rise + leverage cooling down." On the previous trading day, BTC quickly surged nearly 6%, retaking the $80,000 level, while a large number of shorts were liquidated. After such a rapid rise, it is normal for short-term funds