#数字资产生态回暖 $UNI drops to $5.6, and the market is full of bearish voices. But interestingly, institutional funds are quietly accumulating.

Do you remember the frenzy when it surged to $12? Everyone was shouting bullish then, but now that the price has retraced, they start to deny it. The question is—UNI is still a top DEX or just a top DEX? The liquidity volume hasn't changed, the fundamentals haven't collapsed, the only thing that has changed is market sentiment.

Retail traders change their minds based on candlestick fluctuations, but institutions are deploying real capital during the dips. The difference here is substantial. Sentiments come and go quickly, but slow and careful judgment of value can reveal who is truly doing the work.

My simple view is: don’t follow the crowd when it’s time to hype, and don’t follow the crowd when it’s time to criticize. In a market full of noise, independent judgment becomes a rare commodity. The position of a certain DEX in liquidity and trading depth won’t change with a single quarter’s volatility. The key is to stick to your own thinking, rather than being hostage to market emotions.