The whole internet is flooded with hype about buying US stocks, with the Nasdaq 100 hitting new highs every day, as if the whole world is buying. But what are the real numbers? According to statistics at the end of 2025, about 6 to 8 million people in China have ever bought Nasdaq index funds. The total number of A-share accounts is 220 million, accounting for less than 3%. If we exclude those who repeatedly bought through off-market 'supermarket' channels, the actual number is less than 6 million. And among these 6 million, only an estimated 10% are long-term holders. Those who have held for more than 3 years? About 500,000 people. 500,000 people. Bros, this isn't niche, it's endangered. 01) Now look at the capital. The total size of domestic Nasdaq index funds is about 100 to 150 billion...