#隐私币板块整体上行 Every major cycle in the crypto market, frankly, revolves around retail investor sentiment.

Recently, most retail investors in the circle have exited, but the market is still crashing downward. Why? Without popularity, there’s no reason for a rebound. $SOL, $XRP, $ETH continue to break down.

But this process won't last forever. When the decline reaches its extreme—when retail investors are completely hopeless and start angrily shouting "I'm done, give me back my money"—that moment is actually the emotional tipping point. Fear peaks and then reverses into madness.

New entrants will see these extremely undervalued assets, and old participants will re-enter in regret. Once emotions turn, capital moves accordingly, and the next cycle begins.

So instead of constantly watching the charts and complaining, it’s better to understand that this is the market’s normal state—when emotions hit rock bottom, it’s the beginning of a new opportunity.