Some people are cutting losses while others are buying the dip. Is this a trap or an opportunity? Do you think a 5% fall means the market is panicking? In fact, it's a bunch of people who added 10x leverage, and a 5% drop leads to getting liquidated, causing the system to automatically dump, resulting in a chain reaction of a 10%, 15% fall... It's like dominoes, with the ones falling at the front all having borrowed money to gamble, which has nothing to do with the project itself. When the liquidation volume explodes, it's basically a short-term emotional kill. Don't be afraid; this kind of fall comes quickly and goes quickly, and V-shaped rebounds are common. But! If the stock market also collapses during the fall, then be cautious, as it could mean that macro factors are at play.

The Federal Reserve is hawkish, geopolitical issues are stirring, and global liquidity is tightening… these are the real big BOSSes. At the beginning of last year, there were positive rumors about Bitcoin ETFs everywhere, but due to macroeconomic credit tightening, it just couldn't rise. In times like this, don’t buy the dip; save your bullets and wait for the wind to come. The core of judging opportunities: see if the "bad news is temporary or burying people."

- Project party unlocking tokens? Don't worry, it has already fallen, if it was really dumping, the price would have already collapsed in advance, instead, there might be someone buying on the day of unlocking.

- Did the NFT founder change? A small storm, it might be that the new team is even stronger, which could turn out to be an opportunity. But if the team runs away, the capital chain breaks, or the compliance channels are shut down, then don't get involved, even the gods can't save it. Here's a simple tip for you: during a crash, look less at the K-line and check the "fundamentals" more.
Finally, let me say something candid:
Don't cut loss just because of a fall, and don't go all in just because of a fall. The bloodshed of leverage liquidation is over, and the panic selling is done; what's left is the real market. Treat the crash as an exam, understanding 'who is swimming naked' is 100 times more useful than random trading.
If you currently hold positions, ask yourself: Is this project really done for? If you don't have positions, don't rush in; first, note down the reasons for this fall—next time it drops, you'll know whether to buy the dip or run.