When the community is flooding the chat with "跑路" ("跑路" means "跑路" in Chinese, which translates to "跑路" in English), some perceptive individuals have already sensed the opportunity.

Opening various discussion groups, all you see are cries of despair—"Can't continue anymore," "Principal lost," "Uninstalling immediately." The current stage of the cryptocurrency market indeed feels like entering hell mode.

But the more challenging times like these, the more it’s worth staying calm and observing. Seasoned market players understand this principle: when most people panic, opportunities are quietly gathering in the shadows.

The current difficulties are not the end, but part of the market’s self-cleaning process. Those speculators who only seek quick profits and then run are being weeded out, while participants who truly understand the rules are gaining greater operational space.

**Has market sentiment bottomed out, and are reversal signals emerging?**

Just look at the data: the Crypto Fear & Greed Index has dropped to 16, indicating "Extreme Fear." Since early November, this index has not risen above 30. Pessimistic comments on social media have surged, and market enthusiasm is at a historic low.

Interestingly, historical patterns tell us another story—when retail investors’ voices are predominantly bearish, it often signals an impending bullish trend. The market always moves counter to the majority’s expectations; this is almost an iron law.

Remember that "toughest week" in Q3 last year? The whole internet was shouting "the trend is over," yet a week later, the market started rebounding, and those who held on reaped substantial gains. The current market atmosphere is eerily similar.

**High leverage deleveraging, market fundamentals are more stable**

This correction differs fundamentally from previous crashes: this time, it’s mainly the self-adjustment of positions in spot and derivatives markets, not forced liquidations of investors. Milder liquidations indicate that over-leveraged positions have been significantly reduced, making the market structure healthier.