Last night, a single candlestick woke up many people from their sleep.

The first thing they saw when they opened their phones was the same question everywhere: Why did it suddenly drop so much? Is the bull market over? Is something really going to go wrong this time?

But upon closer reflection, the real danger isn’t in the drop itself. The most frightening moments often occur before the decline—during that "everyone feels incredibly stable" phase.

What has happened in this round of market movement? Leverage keeps piling up, emotions are running higher and higher, any pullback is seen as a joke, and risk awareness has been completely thrown out the window. In this highly inflated state, the market did the most "ruthless but effective" thing: puncture the illusion with a needle.

It looks like a significant drop, but there’s no collapse of the sky, and certainly no doomsday coming. It only confirms the well-known saying: when prices rise too much, someone will inevitably be forced out.

Notice something? The truly panicked aren’t the spot holders, but rather—those who have no stop-loss, are fully leveraged, and refuse to believe a pullback could happen.

Will it continue downward? Honestly, no one can give a definitive answer. But one thing is certain:

Right now, this is no longer the most comfortable emotional state.
On the contrary, it’s the easiest time to make mistakes.
And definitely not the time to "go all-in on impulse."

The market is currently screening—eliminating those who don’t respect risk and are full of greed.

If you can stay calm now—neither chasing the rally, nor fearing volatility, and still holding some spare funds—then this correction might actually be an opportunity. The market always gives patience a chance, but usually only once.

Leave yourself a message: Survive, and you’ll have the chance to see the next story unfold.