Mainstream cryptocurrencies are declining. Is it a temporary pullback or a trend reversal? Let's speak with data.

Recently, mainstream cryptocurrencies like BTC, ETH, and SOL have experienced a collective adjustment. Some people are starting to panic, while others are quietly increasing their positions. So how should we view this decline?

📉 From the perspective of price action:

The current adjustment is around 15%, not yet breaking the structural upward channel since March, still a technical pullback within an upward trend.

📊 Observations from on-chain data:

Exchange inflow has increased in the short term, indicating that some retail investors are panicking and selling.

Long-term holders have not significantly moved their positions, suggesting that their faith remains unchanged, and the trend is not broken.

There is no obvious weakening in the inflow of stablecoin funds; capital is still on the sidelines observing, rather than withdrawing completely.

🧠 Market sentiment:

The Fear and Greed Index has fallen to a "neutral to fearful" level, gradually entering a window for building positions at an emotional low.

After the release of bearish sentiment, if there is a sideways consolidation or a V-shaped rebound, it is very likely to initiate a new round of upward movement.

🔍 My conclusion:

This is an emotional pullback, not a fundamental collapse.

Every healthy pullback in mainstream cryptocurrencies is essentially a reshuffling of capital and a redistribution of positions.

🛒 Should you increase your position? Look at three points:

1: Is the structure intact (don't bottom-fish against the trend)?

2: Is the capital well managed (control positions in batches)?

3: Is the plan clear (don't let emotions dictate your pace)?

The market always belongs to those who are prepared.

Missing out on a bull market rise is not scary;

Not enduring through a bull market pullback is what is truly regrettable.

📌 A pullback is an opportunity for smart people to buy at a discount;

📌 Panic is a collective release of emotions from retail investors.