In a nutshell: The whole world is on sale!

Stock markets (US, Europe): plummeting down, especially tech stocks are suffering greatly.

Oil, gold, silver: can't withstand it anymore, all dropping together! Especially gold and silver, which are usually safe havens, are also falling, indicating that everyone is panicking and selling everything for cash.

What impact does this have on the crypto world?

In simple terms: likely to drop along with everything else!

People are scared and are selling high-risk assets first; isn't the crypto market also risky?

If people are losing money elsewhere, they might sell their crypto to cover losses or convert to cash.

Hoping Bitcoin will serve as a "safe haven" now? Even real gold is dropping, that's tough!

What should we small investors do?

Don't panic! Don't act rashly! Watching prices drop and selling randomly, or thinking it's cheap and rushing in can lead to mistakes.

Watch your leverage! If you've taken on high leverage, drop it quickly; otherwise, you might lose everything in one go! Protecting your life is important!

Ask yourself: Is this money spare cash? Do I believe in this coin for the long term?

Long-term belief + spare cash: You can consider buying in batches to lower costs, but don't go all in at once; nobody knows where the bottom is.

Short-term trading / feeling uncertain: Then don't act yet, or strictly follow your previous stop-loss plan. Holding cash on the sidelines is also a strategy.

Keep some cash on hand: It gives peace of mind and allows you to seize future opportunities.