The Fear Index has only had three extended periods of fear since 2023: July-August 2024, March-April this year, and now October. After each period of fear, it marks the starting point of a major rebound. After the 1011 crash, the entire market needs time to recover. We're still in the aftershock phase following the big crash—too much floating capital, and the revenge-driven opening positions haven’t been cleared out yet. Just look at the liquidation data from the past few days: Bitcoin moves up or down by 2%, and billions get liquidated! Old Fish’s view hasn’t changed—we’re still in a consolidation phase. Once the consolidation ends, we’ll see a decent rally. Retail investors should focus their chips on the top mainstream coins: BTC, ETH, BNB. Don’t get emo just because U.S. stocks are rising. The transmission of monetary easing takes time. Crypto will catch up—it’s just how the capital cycle works. I’ve already bought mainstream coins at the bottom in the spot market, not planning to move them—just gonna chill. What’s coming next: survival of the fittest. Those who stay at the table have already won half the battle.