The reason is "very" simple

Market vauluation is too "high", eventually, institutions "have" to unload to create space for future gains. There are literally hundreds of ways to "tigger" a sell off, and each time when sell-off happens, media just pick one of those events to grab maintream eyeballs.

But fundamentally, it is valuation 

所有跟帖： 

• Agree, over buy is the main reason. -朝陽如沐- ♂ (0 bytes) () 11/21/2025 postreply 13:03:27

• 去年是莎姆法則，老巴賣果果，日本問題； 今年是DS，AI 債務；隻有解放日才是真正的基本麵有可能完蛋的一跌 -三心三意- ♂ (0 bytes) () 11/21/2025 postreply 13:08:31

• 就是這個理, -bogbog- ♀ (217 bytes) () 11/21/2025 postreply 14:08:33

• Trying to understand why institutions have to unload -wxcuriosity- ♂ (1422 bytes) () 11/21/2025 postreply 14:29:53