Using $METIS as an example to describe the current altcoin market:

METIS has fallen for 560 days, with a decline of 94%. At this position, market sentiment is inevitably overwhelmingly bearish, calling for a return to zero, aiming for 5U, 1U, with no positive news, and analysts are all pessimistic. Why? Because the bottom is always like this: only bad news, and no one dares to buy.

But the real key is:

The bottom is never formed because someone is optimistic, but because no one is optimistic.

On the surface, retail investors panic and cut losses, cursing each other, while in reality, the big players have quietly begun accumulating. This script has not changed for hundreds of years: big players accumulate, retail investors run out of funds, this is the most real picture of the bottom.

It was the same during March 12, 2020, when a bunch of news, media, and KOLs created panic, calling for BTC to return to zero or go to 1000, not knowing that someone spent millions of dollars promoting this sentiment. The financial market is inherently full of deceit.

Traders who can truly survive long-term will eventually become increasingly calm, because you will realize:

Trading is essentially a lonely journey, and noise is of no use.

Stay excited during declines, remain clear-headed during rises.

Don’t let others lead you; only buy low at critical positions and sell high at critical positions.

Judgments from the outside world are always limited; what truly leads you through cycles is your own understanding and confidence.