The panic index has climbed from 20 to 22, have you guys noticed?

Don't underestimate the changes of these two points. The market is still in a panic, but the suffocating feeling of "the sky is falling" has clearly eased. The panic index is a barometer of emotions; 0 means a collective jump off the building, while 100 indicates a mad scramble for funds. What does 22 represent? Most people are still huddled and afraid to move, but some are already starting to ponder whether to enter the market.

To be honest, this round of plummeting has indeed shaken off a bunch of weak hands. Now at the 22 position, those who dare to take action are basically experienced—either seasoned veterans who have gone through several bull and bear markets, or long-term players who focus on three-year trends rather than three-day fluctuations. If you look back at historical data, you'll know that extreme panic often presents a golden window for accumulating positions in batches. While others are shaky, you remain steady, and that's how the gap widens.

What hints are there for the future market? Emotional recovery is generally a precursor to a rebound, and as long as there are no unexpected issues, funds will gradually shift from the "death-defying rush" mode to "tentative buying". There's also a hard rule: if Bitcoin is unstable, don't expect altcoins to perform.

What should ordinary players do? Never chase highs and sell lows! At this position, dollar-cost averaging is much more reliable than a single bet, and buying in batches is much safer than gambling on a wave. Keep some bullets on hand; if there is a second bottom, you can still add to your position.