This wave of market conditions is indeed quite unfortunate. After a sharp drop, there was a swift rebound, especially with altcoins. This drop and negative fee rates have wiped out a lot of capital, particularly in leveraged trading. Indeed, many people fell into the high leverage trap while trying to go long, and altcoins were hit harder, causing many positions to be liquidated instantly.
At the beginning of the year, we also experienced a similar situation, where the sharp drop and rebound seemed less persistent. It feels like this market is repeating the same scenario.
Regarding the 'king-level' projects in the market, it is true that when such projects launch, it is common for liquidity to be drained away. Moreover, these projects often bring a short-term 'carving the boat to seek the sword' effect to the market, where many people overestimate their potential, but ultimately they may only lead to a round of speculation. The feast for VC is closely related to the bull market cycle, and often it is institutions with capital playing games.
Today, I choose to 'buy the dip' in BTC, making some stable investments while the market is uncertain.
Ordinary investors should not operate too frequently; less fussing around may actually provide more opportunities. After all, the market is very volatile, and sometimes short-term fluctuations can lead to unnecessary anxiety. Maintaining a calm mindset, selling in batches, clearing positions, and continuing to hold targets is a more prudent strategy.
The strategy of adding more is also correct. Although adding more can bring short-term pain, if one can lighten the load, it may go further in the long run. As for contracts, staying away from them is indeed a wise choice, as many people have broken their capital chain through contract operations. Especially this time, the liquidation of altcoins is quite severe; even 3x leverage has been wiped out.
Overall, it is essential to remain sensitive and rational to the market, maintain a stable mindset amidst volatility, try to minimize unnecessary fussing, and wait for valuable opportunities.