Purchases were made at very high prices, high FDVs, and by ignoring serious unlocks...

That's why, no matter how high-quality a project is, it doesn't start a rally before it drops to the appropriate level first.

The past is full of examples of this.

But the good thing is,
In quality and institutional projects, as long as you don't panic and sell for free, at the end of this process it's highly likely that you'll recover your principal.
In fact, when bull market dynamics begin, both your confidence and your capital will be sufficient to make different moves.

The questions you should focus on during this period are:

With what expectations did I buy this coin?

Did this drop invalidate my target?

If my target is broken, why is it broken?

Is there really a fundamental problem, or is it just market psychology?

Remember...
A real loss is only realized when it's sold.
A target doesn't get canceled by a price drop, only the path gets longer.
Big opportunities always arise during periods of fear.
Data doesn't lie, emotions do.
Time is the friend of quality projects.
An investor who gets through this process will be among the top winners in the next rally.

Now is not the time to give up...

It's time for strong analysis, patience, and discipline.