Regarding the October correction, honestly, many people panicked directly.

But I reviewed the data and found that things are not that simple — this decline seems more like the market actively squeezing out liquidity, tightly aligned with the US government shutdown timeline. Highly leveraged positions have been cleared almost entirely, which actually leaves room for the rebound.

Interestingly, on-chain data shows that big funds haven't actually exited. What are they doing? Precisely reallocating their positions.

Look where the money is flowing now: infrastructure projects within the EVM ecosystem, RWA-related protocols, and DeFi applications that can generate stable yields. The TVL in these areas is quietly rising. On the surface, it looks like they are retreating, but in reality, smart money has already started positioning in quality projects.

Key points to note:

- The current leverage ratio has indeed decreased, which is a good sign, but liquidity hasn't fully recovered yet, so short-term volatility may persist.
- Funds are not leaving the market but rotating between different sectors — choosing the right direction is much more important than blindly bottom-fishing.
- Macroeconomic risks haven't been fully eliminated, but demand in certain niche areas is beginning to explode.

At this stage, I believe we are in a consolidation phase before the next bull run. Don't panic, and don't blindly chase; instead, calmly identify projects with solid fundamentals.

Personally, I have some positions in the MEME sector, watching a Dogecoin with Musk-themed concepts in the ETH ecosystem. I think it might replicate some past myths. Of course, this is just my personal judgment, and risk is on you.

What sectors are you heavily invested in now? Feel free to share your reasoning in the comments, and let's look for opportunities together.