$XL2CSOPHYNIX(07709.HK) The situation feels more exaggerated than expected. Profits are almost wiped out by the drawdown. Given this market condition, I think leverage needs to be cleared out completely. Once leverage is cleared, it will lead to a liquidity crisis. A reversal probably won't happen anytime soon. Although I am bullish in the long term, going all-in without ammunition next time is useless. I can only cut losses and exit for now, waiting for stabilization before coming back.