The sentiment in the cryptocurrency market has become extremely panicked, with the panic index dropping to 5, which has only occurred in August 2019 and June 2022 in history. Coinbase BTC has had a negative premium for 40 consecutive days, exceeding the 30 day period of the 1011 crash, and only 2 days of positive premium since 2026. Just from last year's data, there was a decent rebound after the panic reached its peak: ETH fell to 1386 in April 2025 and rebounded to 4956 after 4 months, up 259%. After 29 consecutive days of negative CB premiums in November, the market began to rebound. After the extreme panic of options in August, BTC rose 40% within one month . Now even veteran players in the cryptocurrency industry are starting to promote encryption, and from their tone, it feels like the cryptocurrency industry is going to be ruined. The current cryptocurrency market feels a bit like the bulls have been wiped out. If the market makers are unable to break the long contracts by smashing the market, the market is approaching the bottom. Pessimists may be correct, but it is meaningless. If our generation doesn't grasp encryption, are we going to compete with the old money in the stock market? Looking around, the current market environment is almost dominated by negative news. Once it ferments again and stomps on it, if there is an opportunity for a golden pit, we will act decisively.