The sharp drop is a touchstone, and cryptocurrencies are showing remarkable resilience.
After the news was released, global markets from US stocks, US bonds to gold and cryptocurrencies all experienced a decline. But if you observe closely, the recovery in cryptocurrency prices often outpaces that of traditional assets. It's like a stress test, and the results prove that the resilience of our market is very strong. Amidst the sharp drop, there is a large amount of capital waiting at the bottom to take over, indicating that a consensus in the market has formed, with more and more people believing that a decline is a buying opportunity. This strong buying support is something that was not seen in the early stages of a bull market. It indicates that the cryptocurrency market has matured considerably and is no longer the fragile market that collapses at the slightest disturbance.
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