The recent volatility in the crypto market has indeed left many people overwhelmed. Someone who bought the dip yesterday is now trapped, and they're panicking. I want to be straightforward: in the current market environment, blindly buying the dip might just be like taking a knife to the chest. While this statement might upset some who promote entering the market, I believe we still need to face the real market signals.

Currently, the market faces three obvious pressure points.

First is the macro environment. The global economy is entering a correction cycle, liquidity is continuously shrinking, and institutional investors are reducing their exposure to crypto assets. This is not speculation; looking at actual fund flows, in the past two weeks, large institutions have net outflows of over $2 billion from the crypto market. What does this number indicate? The market lacks support from incremental funds—what can push prices higher?

Second is the increasing regulatory pressure. Around the world, regulations on the crypto sector are tightening, from trading to issuance, in all aspects. Many projects are being forced offline or halted because they do not meet local requirements. Under these circumstances, market panic will only intensify.

Finally, from a technical perspective, the main cryptocurrencies' candlestick charts have broken through several key support levels, forming a clear downtrend. According to chart analysis, once key supports are broken, the probability of further decline is quite high. Buying now is like trying to catch a falling knife.

My strategy is actually very simple: stay on the sidelines and wait for the market to show genuine signs of stabilization before taking any action.