After the 10.11 incident, the cryptocurrency market showed abnormal movements, with repeated rallies and sell-offs. Essentially, large funds are clearing leverage and exiting the market. Retail investors have been repeatedly shaken out over the past few months; many were caught chasing high due to FOMO. Currently, there is almost no genuine buying interest for bottom-fishing, with only institutional allocations like MSTR providing minor support. In the coming weeks, the risk of panic-driven liquidations is extremely high. Do not blindly follow various hype-driven opinions to enter the market. The core logic remains risk aversion; preserving capital is the key to survival. Do not hold onto a lucky bottom-fishing mentality!#加密市场观察