I glanced at the latest data and felt a pang in my heart – the panic index has fallen to 24.

I checked the history records, and this thing averaged 31 over the past 7 days, and only 37 over the past 30 days. In other words, the market has been stuck in fear for several consecutive days. What's even more exaggerated is that there were only 7 days of extreme fear in the entire past year.

What does this mean?

To be honest, every time emotions collapse like this, the market is actually nearing a stage bottom. Just look back at the previous candlesticks, the more everyone shouts fear, the more it is often the night before a rebound. Data speaks, but those who are panicking often fail to see clearly.

So what should we do now?

If you are a long-term player, there is no need to panic at all, and you can even feel secretly pleased—bargains have arrived. But if you have taken on high leverage and have a heavy short-term position, you really need to stay calm: appropriately reduce your leverage, cut back on some positions, and it will still be timely to enter the market again when the sentiment warms up.

Don't forget, the fear of today may be the opportunity you should seize when looking back tomorrow.