Don't be scared by the market. This may actually be the stage of giving away money This morning, ETH has been crazily injected into the group, and many of my friends have used grid trading and manual methods to dump tens of thousands of units. It's really enviable to me Currently, the entire cryptocurrency market is just two scary words The fear index directly reaches the level of 8, which historically only occurs when either it has just collapsed or is preparing to reverse AHR999 is now 0.33, not even touching the traditional bottom line of 0.45 and falling directly into the Fire Sale area. Many people think that the bull market is over But from the perspective of cyclical indicators, the current bull market progress is only about 33% The market sentiment is already like a bear market, but the cycle is still in the middle of the bull market Why have so many people been losing their mentality lately? Because of the bad news piling up Firstly, Bithumb mistakenly sent 620000 BTC, which is essentially throwing a psychological nuclear bomb into the market. Even if 99.7% of the trust is recovered, it has already been shattered once. Secondly, the White House stablecoin conference is what banks are most afraid of now. They are afraid that stablecoins will siphon off their deposits. If stablecoin returns are really restricted in the short term, they will definitely suppress DeFi yield products But in history, this kind of thing has mostly been a short-term market crash sentiment, and in the long run, it has forced the industry to upgrade. There is actually no unified opinion among institutions now On February 6th, the ETF still had a net inflow of 330 million US dollars, but in the first three days, it had a crazy outflow of 1.2 billion US dollars Which institution is also struggling The 70K position is essentially a long short psychological front But what is really easy to overlook is the long-term signal Local governments in the United States have started preparing BTC reserve cold wallets in Illinois This level of signal is harder than short-term bearish because it is an increase in system level acceptance Looking at the behavior on the chain again, it is more realistic. The exchange had a net outflow of 14500 BTC in one day What are the big funds doing, withdrawing coins and locking positions There are many people who say they're done for, but there aren't as many who actually take the money and run away So now the essence of the market is only one sentence: prices are returning to value, but the process must be very difficult If you are in the long-term stage, the simplest strategy is to buy slowly and build a position slowly. Don't hold a short position In history, those who truly made big money built their positions when no one dared to buy them If you are in the short term, the most dangerous thing now is not to fall, but to oscillate back and forth Before stabilizing at 70K, we still have a little more U than technical analysis is useful The most profitable time in the market is never when everyone feels safe But when everyone thinks it's about to be finished This tweet is sponsored by @ bcgame