Most people haven't noticed that today's decline is actually quite mild. Look, the 24-hour high was $44.64, the low was $42.87, and the fluctuation range is only 4.13%. For a new coin still in the price discovery phase, this kind of volatility is simply trivial. Remember a few weeks ago when the amplitude was often over 10%?

More importantly, the trading volume of 168 million USDT remains high. If it were truly panic selling, the volume would usually spike dramatically. What does this current volume indicate? It shows that most of the chips are still relatively stable, and there hasn't been a stampede to escape.
The fear and greed index at 27 indeed indicates that market sentiment leans toward fear, but from another perspective, isn't this an opportunity? When everyone is worried, it's often when smart money begins to position itself.
I noticed a detail: $HYPE has rebounded from its low of $42.87 to $43.42, indicating there is support below and buyers are stepping in. If it were truly bearish, it would be a steady decline all the way down.
Of course, I am not encouraging blind bottom-fishing, just reminding everyone not to be led by short-term fluctuations. Sometimes, the biggest risk isn't the decline itself, but missing the real opportunity in panic.