A cup of coffee in the morning, and BNB drops below 860 USDT. When I saw this news, short-term traders in the group were already starting to panic: "Just yesterday I was relieved I didn't chase the high, and today the market hits me hard" "Can't even hold 860, is it heading straight to 800?"

Don't panic yet. I've been in this market for many years, and I've seen too many of these "roller coaster"行情. Today, I'll use the most straightforward way to talk about what really happened behind this BNB correction.

**Fundamentals Are Actually Fine**

From a data perspective, this wave of BNB decline is mainly driven by market sentiment, not a collapse in fundamentals. Many may not have noticed that the number of core application users within the BNB ecosystem has increased by 8% month-over-month, and the profit data of key businesses is also stable. To put it simply—it's like a solid company whose stock price is hammered down due to overall market fluctuations; the company itself isn't having issues. Short-term panic will eventually be pulled back by the fundamentals.

**Understanding Market Sentiment**

To judge the market trend, I use a set of "sentiment thermometer" rules. You can't just look at how much a single coin has fallen; you need to look at the overall market mentality. I checked today's market sentiment index, which is currently at a "neutral to cautious" level, far from panic territory. This signal is actually quite good—it indicates that the market has disagreements, but hasn't completely collapsed.

The key to the next steps is to understand your own cycle. Short-term traders should focus on 4-hour support levels, mid-term traders can pay attention to weekly chart structures, and long-term holders might see this as an opportunity to buy in. The market keeps teaching us the same lesson: panic is an emotion, but opportunity is the reality.