Colleagues, let's skip the unnecessary introductions. After a thorough analysis of the current macroeconomic situation and on-chain data, I have come to a clear conclusion: the market is in a phase of deep repricing.
Key conclusion I am drawing: the current decline is not the start of a prolonged "bear" cycle, but rather a harsh yet necessary correction after the overheating in the first half of the year.
What do we see on the charts?
Institutional flows have slowed down, volumes on spot exchanges have dropped by 30-40% compared to peak values. Profit-taking by large players is obvious. However, looking at long-term metrics (e.g., number of active addresses and hashrate), the network's fundamental indicators remain stable.
My conclusion for the portfolio: Panic right now is the worst advisor. I recommend viewing current levels as an accumulation zone, but with a strict stop-loss. The dollar-cost averaging (DCA) strategy on such corrections has historically rewarded patient investors.
Professional commentary: The market is shaking out "weak hands." Once long position liquidations are complete—and we are already seeing cascading stops—we will see a reversal. Trying to catch the "bottom" is a thankless task. It's better to enter in parts than to attempt to time the perfect moment. Right now, discipline and composure are key.