#加密货币市场趋势# Looking back on the past, I deeply feel the endless charm of market cycles. Over the years, I have witnessed countless rises and falls, each one leaving me with profound emotions.

Recently, I saw data from Santiment showing that retail investor sentiment has fallen to its lowest point since June 22. This inevitably reminds me of similar moments in the past. I remember at the end of 2018, when Bitcoin fell below $3200, the market was also filled with pessimism. But then we witnessed the bull market recovery in 2019.

History is always remarkably similar. Extreme pessimism often breeds opportunities, which has been my personal experience over the years. When the public is in a panic selling, it is often the best time for wise investors to go against the tide.

However, we must also be wary of excessive optimism. Market sentiment is a double-edged sword; being overly bearish may indeed signal a rebound, but it could also be the beginning of a long-term decline. The key lies in rationally analyzing the fundamentals rather than blindly following sentiment.

Looking back at the development of crypto, every crisis has given rise to new opportunities. Perhaps now is the time for us to reassess the value of projects and prepare for the next bull market. After all, in this ever-changing industry, only by continuously learning and keeping pace with the times can we stand undefeated in the waves of the future.