The pullback in the price of #加密市场回调 is precisely the process of testing the quality of the project and eliminating the false while keeping the good. It provides investors who are optimistic about the long-term development of the industry with an opportunity to layout core assets at a more reasonable price.

Smart Investor's "Hunting" List
For rational long-term investors, what should be focused on at this time is:
On-chain data: Is the chip distribution of long-term holders stable? Does the net outflow from exchanges indicate an accumulation phase?
Fundamentals of the protocol: Are the key indicators such as TVL, number of users, and revenue of the project you are concerned about maintaining resilience amidst fluctuations?
Macro Trends: Keep a close eye on the Federal Reserve's monetary policy signals and the performance of traditional tech stocks, as they remain the most important indicators in the short term.
In summary, the cyclical fluctuations of the market have never changed; what changes are the specific reasons driving it each time and the players involved. A fear and greed index that has fallen to freezing point often historically indicates that the market may be approaching a phase emotional bottom. For investors, the premise of being greedy when others are fearful is that you are investing in assets that have been thoroughly researched and possess long-term value, rather than merely speculating on a code. The storm will eventually pass, and what is truly valuable will shine even brighter after the rain.