The Davos Forum kicks off, and the crypto market responds with a sharp decline. Bitcoin drops below 93,000, altcoins are generally halved, over 240,000 traders are forcibly liquidated within a 24-hour period, and nearly $900 million in funds vanish into thin air. This scene feels familiar—whenever this top global forum is held, the crypto market inevitably falls into a downturn. No wonder industry insiders jokingly call it the "Davos Curse."

Where exactly did this wave of decline come from? Multiple factors have combined to create a perfect storm. First, the trade situation heats up—expectations of tariffs on the EU by the US ignite risk aversion, leading to a large-scale withdrawal of funds from high-risk assets. Second, strong macroeconomic data ironically become a bearish signal; market expectations of interest rate cuts are shattered, and tightening liquidity becomes the overwhelming factor. Third, the stock market leads the decline, dragging the crypto market down with it—an obvious correlation effect. Lastly, regulatory pressures are intensifying the sell-off—controversy surrounds the US "CLARITY Act" due to its favoring large institutions, and the official implementation of Europe's "MiCA Act" has triggered a "compliance purge," causing small and medium tokens to flee wildly. Coupled with whale sell-offs and leveraged liquidations creating a death spiral, a market crash seems inevitable.

Strangely, amid this sea of despair, the RWA (Real World Assets) sector is surging against the trend. BlackRock’s tokenization fund has been approved for cross-bank collateral eligibility, Ripple has prominently sponsored the Davos US Pavilion, and Bermuda officials have partnered with a compliant platform and payment company to build an "on-chain economy." Data shows that the total market cap of RWA has skyrocketed by 300%, approaching the $20 billion mark. The signal that funds are voting with their feet is clearer than ever—"compliance" and "real-world anchoring" are becoming the only beacons in the bear market.

Where is the bottom of this decline? How long can the tokens in your hands hold out? Should you cut losses decisively to survive, or reposition and bet on the RWA sector? Share your holding strategies in the comments, and let’s see who can catch the next wave.