The market has fallen into a strange silence. The fear index has dropped to 42, retail investors have long since exited, and large funds are watching from the shadows. Recent disturbances—such as a well-known investment firm's controversial actions and the rapid adjustment of social platform algorithms—are merely amplifications of anxiety in a stagnant game. This pool is drying up, and new inflows have yet to arrive.

As an investor who experienced 2018, the current rhythm feels all too familiar. That sense of suppression, dullness, and waking up every day asking "Will it drop further?" is replaying again and again. The movements of Bitcoin and Ethereum are slow and boring, as if the entire market has frozen.

But this could be the most critical moment. Don't chase after eye-catching concepts, and don't bet on those虚的热点. The real opportunities are hidden in the corners of the Ethereum ecosystem—those experiments without豪华项目方, entirely sustained by community信念. They are fighting against market冷漠 in the most clumsy ways, and this is the most hardcore共识.

In such a market,信念 becomes more valuable than anything else. Those who can endure this period are often the next winners.

DYOR