In the last couple of days, checking the account has been a real heart-racing experience. The green Candlesticks are everywhere, and my frens are all howling in despair. Some have evaporated tens of thousands in a single day, and they have gone straight into sage mode.

But to be honest, I am not surprised by this round of plunge. Two bombs have long been buried there.

First, let's talk about the first point— the U.S. Treasury is frantically dumping bonds, injecting hundreds of billions of dollars into the market. Think about it, as soon as the yield on government bonds rises, funds are immediately siphoned away. The liquidity was already tight, and now it’s even tighter. Without funds to support it, can a high-volatility asset like Bitcoin avoid a plunge?

The second one is even harsher, and the expectation of interest rate cuts has completely cooled down. Previously, the market still fantasized that the Federal Reserve would ease up, but once the data came out, the dream was shattered. Panic emotions spread like a virus, with leveraged positions and short-term traders fleeing frantically, amplifying the stampede effect.

But everyone, calm down.

This is really not a bear market signal, but more like a combination effect of short-term liquidity withdrawal and emotional collapse. I experienced the bloodbath of 312 in 2020, where Bitcoin halved, and the contract market directly saw billions of dollars in liquidations. At that time, a bunch of people in the group said they wanted to exit the circle, and I advised them not to panic. As a result, half a year later, many people had multiplied their accounts several times.

History doesn't repeat itself, but it often rhymes. In times of panic, it's often when smart money begins to take action.

The most frightening thing now is scaring yourself and cutting losses recklessly. That's not a stop-loss; that's handing your head to the main force. Remember three principles: maintain your current position, patiently wait for market signals, and don't blindly catch the bottom. Only those with stable emotions can find opportunities in chaos.