The #数字资产生态回暖 panic index has remained at 29 for some time. This number is not unfamiliar to traders—it’s like a constant low hum during turbulent markets, accompanying every rise and fall.

But the real issue isn’t the number itself, but how we interpret it.

For those used to chasing gains and selling dips, "panic" is a danger signal, a reason to run quickly. However, for those who stay on the sidelines, trade with idle funds, and strictly control their positions, the situation is quite different—the persistent low-level panic environment is actually the market squeezing out bubbles and laying the foundation for the next wave.

Looking back at history, when panic becomes the norm and greed temporarily recedes, it’s often the time when high-quality assets begin to reach reasonable prices. But this doesn’t mean prices will immediately rise; the crypto market may require longer periods of adjustment and confidence rebuilding.

Right now, the most important thing isn’t to follow emotional swings, but to return to the basic rules we’ve always emphasized: be patient and hold, don’t go all-in easily; buy in stages, don’t put all your funds into one direction; execute stop-loss orders, protecting your principal is more important than anything.

Markets often break dawn during the most despairing moments, gradually maturing amid hesitation. When most people are scared into stopping by "panic," those who act according to plan and maintain a stable mindset are already preparing secretly for the next phase.

Market panic will end, but your trading discipline must always remain in place.