The crypto market has recently experienced a severe correction, with Bitcoin and Ethereum even erasing all of this year's gains. There are mainly two reasons behind this: the October liquidation event and the increasingly harsh macro environment. The chain reaction triggered by liquidations has undermined market confidence, while concerns about economic slowdown and stubborn inflation have further intensified risk aversion.

However, I believe this correction is actually a process of market self-repair. Excessive leverage and speculative sentiment have been cleansed, which is beneficial for long-term healthy development. Now is a good time to reassess project fundamentals and allocate to high-quality assets. I believe that as the macro environment stabilizes and industry innovation continues, the crypto market will eventually regain its upward momentum. Let’s stay patient and confident, and together witness the bright future of Web3!