This wave of market is indeed quite regrettable, with a sharp drop followed by a rapid rebound, especially in altcoins. This wave of decline and negative fee rates has directly wiped out a lot of capital, particularly in leveraged trading. Indeed, many people fell into the high leverage trap while going long, and altcoins were hit harder, causing many people's positions to burst instantly.

At the beginning of the year, a similar situation was experienced, where the sharp drop and rebound seemed less enduring. This market feels like the same scenario has been repeated.

Regarding the 'king-level' projects in the market, indeed, it is common for liquidity to be sucked away once such projects go live, and these projects often bring a short-term 'carpenter seeking a sword' effect to the market, where many people overestimate their potential, but in the end, it may only lead to a round of speculation. The feast of VC is closely related to the bull market cycle, and often, it is institutions with capital that are playing the game.

Today, I chose to 'buy the dip' in BTC, taking advantage of the market's uncertainty to make some stable investments.

Ordinary investors should not operate too frequently; less fuss might actually provide more opportunities. After all, the market is very volatile, and sometimes short-term fluctuations can lead to unnecessary anxiety. Keeping a calm mindset, selling in batches, clearing positions, and continuing to hold targets is a more prudent strategy.

The strategy of 'more inserts' is also very right. Although more inserts can bring short-term pain, if one can go in light, it may run further in the long run. As for contracts, staying away from them is indeed a wise choice, as many people have disrupted their capital chain in contract operations. Especially this time, the liquidation in altcoins was really serious, even 3x leverage was wiped out.

Overall, maintaining sensitivity and rationality towards the market, keeping a stable mindset amid fluctuations, and minimizing unnecessary fuss while waiting for valuable opportunities.