Today's hot topic on Binance Square #加密市场回调 actually reflects a normal correction after a rapid surge. Bitcoin has seen an expanded short-term decline after reaching new highs, leading to a collective drop in Ethereum and mainstream altcoins, with the overall market capitalization shrinking significantly in a short period. Leveraged funds have been concentrated and liquidated, and sentiment has quickly shifted from 'only talking about the bull market' to 'first protect profits'.

The reasons for this round of correction are roughly threefold: first, the macro environment has turned cautious, with global risk assets generally under pressure and funds retreating from high-risk markets; second, the previous gains were too large, with technical indicators clearly showing overbought conditions, prompting some institutions to take profits at high levels and actively create a 'healthy reshuffle'; third, leverage in the futures market has accumulated over a long period, and once prices turn, it can amplify declines, triggering a chain of liquidations and further exacerbating volatility.

For ordinary investors, the more important question is not 'why is the market falling', but 'what should I do'. If you have a long-term positive outlook and reasonable positions, such 10%-30% fluctuations are mostly just a 'half-time break' in a bull market; but if you are fully invested and frequently chasing highs and cutting losses, each correction can turn into a disaster for your account.

A correction is not the end of a bull market, but rather a process of chip turnover. Whether one can hold onto chips and optimize the holding structure during fluctuations is more important than staring at the screen watching K-lines.