The panic index has dropped to 9. Do you know what this means?

It's not panic; the entire market is trembling.

But as the old saying goes - when others are fearful, I am greedy. The worse the numbers look, the closer the opportunity may be.

Do you remember that crash in 2020? When the global pandemic first broke out, BTC plummeted from $9000 to $4000, and the fear index fell to 8 at that time. Everyone was saying, "This wave is completely over."

Then what? Those who stubbornly bought in despair, went from 4k all the way to 60k. This is the harshest rule of the market: when emotions crash to the extreme, the chips are often at their cheapest.

Why is everyone panicking again this time?

It's just a few things: the Federal Reserve's interest rate hike expectations are uncertain, the geopolitical situation is chaotic, negative news in the crypto space continues, and retail investors panic sell whenever there is a drop.

But to put it plainly, these are all short-term noise.

I have been in this circle for ten years and have seen too many similar scenes. When the fear index drops to single digits, it is usually not the end, but the deepest pit before a turning point.

So what should we do now?

Don't rush blindly, and don't let fear drive you away. Steady your position, stay calm, and don't let emotions dictate your decisions.

The market has always rewarded those who can endure.