Today's drop was really brutal.

BTC directly broke through the $84,000 mark, plunging over 8% in 24 hours. Across the entire network, 260,000 people were liquidated, with nearly $1 billion in funds evaporated—how is your position holding up?

This round of sell-off came suddenly, but it wasn't unexpected. Two factors overlapped: the Bank of Japan hinted at a possible rate hike in December, leading to expectations of tightening global liquidity, putting risk assets at the forefront; at the same time, there were market rumors that a major institution might be facing liquidity pressure and would need to sell off its holdings. The double whammy of negative news directly triggered a wave of panic.

But looking at it calmly, this wave seems more like an emotional stampede. The Bank of Japan's rate hike is still just a "hint," not a done deal; and there's no concrete evidence for the institutional sell-off rumors. Panic is often scarier than the actual risks.

For retail investors, the worst thing to do now is to sell at rock-bottom prices. If you're holding spot positions without leverage, selling now just turns your unrealized losses into realized ones. If you're lightly positioned, you can consider adding a small amount after the volatility settles down, but remember—do NOT open leveraged positions to bet on a rebound at this moment. When market sentiment is chaotic, gambling will only make you lose faster.

Survive the most chaotic emotional phase, wait until the Bank of Japan's policy is finalized and the institutional rumors are clarified, and it's not too late to make decisions. There are always opportunities in the market, but only if you're still in the game. Stay steady, don't make rash moves.