1, short positions, mainly institutions, futures funds (very popular abroad, and will become mainstream in China in the future), large and small private placements, etc. There is a lot of international hot money, which is already abundant.

2. Long positions were cut, Lehman collapsed, and the world economic crisis led to bleak market prospects. The price caused by selling long positions together was strongly suppressed, which jointly created the unilateral decline in the previous period. They are all eager to close their positions for the first time, and the results are all falling.

Since it is a zero-sum game, money naturally goes into the pockets of bears.