The current market conditions are indeed testing people's psychological endurance. When the price drops to a level that makes everyone start to doubt everything, what does that actually indicate? It often means that a real turning point is not far off.

From a market logic perspective, what is happening at this stage: if everyone is optimistic about spot holdings and chooses to lock in their positions tightly, where do the main players get the chips to initiate the next round of market movement? The answer is— they must take them from those who cannot hold on anymore.

Therefore, you will see a recurring phenomenon: the most desperate moments in the market are precisely when the chips are most active. Bull markets are never born amid widespread optimism; they quietly dawn amid a lot of skepticism and abandonment. Financial markets always follow the zero-sum game principle—profits from those who exit are the chips of those who hold on.

History has told us countless times: the greatest opportunities are bought at prices that nobody pays attention to, and sold when everyone wants to jump in. Before each major surge of BTC and ETH, there are piles of abandoned positions.

The current torment is essentially a filtering process. The 1% winners are those who persist at such moments, waiting for that moment to arrive. Can your position still hold?