This wave of adjustment has pushed the oversold sentiment to the extreme.

Previously, the market was suppressed by various uncertainties, leading to irrational sell-offs in cryptocurrencies. Many assets' technical indicators are extremely oversold, and now we're just waiting for a catalyst to repair the situation. The funds for bottom-fishing have actually been quietly entering the market—just look at the on-chain data of these mainstream coins, and you'll see that large addresses are quietly increasing their holdings. Once the sentiment warms up, the technical rebound could be more aggressive than expected.