Don't panic and cut loss in a rush during today's wave of dumping.

What’s going on? Last night, a former president made remarks about changing the head of the Federal Reserve, and also said that the current chairman should "leave early for the better". There might be actions on December 1st. As soon as the news broke, Bitcoin pulled back directly by $5,000 from its peak, and the liquidation scale across the network reached $3 billion within 24 hours, causing a wail in various major groups.

Short-term trading is indeed painful—uncertainty at the policy level has directly scared away large funds, traditional safe-haven assets like gold and government bonds have become popular, and the cryptocurrency market has temporarily lost its charm.

But thinking calmly: if a change of personnel really occurs, the nominated candidates are basically all dovish figures, what does this mean? It may lead to more radical easing policies. Historically, Bitcoin has always favored a weak dollar environment and the release of liquidity.

Moreover, the current chairman's term is until 2026, and there is a significant possibility of holding on until the end. This statement might just be another "verbal attack" operation.

When the market sentiment is the most panicked, it is often the window for institutions to collect chips at low positions. The story of retail investors chasing highs and selling lows, cutting losses at the lowest point, has played out too many times in the crypto circle.

In summary: short-term pain is inevitable, but the logic in the medium to long term remains unchanged. For those holding assets, hold steady and don't panic; perhaps next year will bring a different landscape.