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Over 2,630 claim reports have been received regarding the FLOW wallet security incident, involving amounts ranging from just over $1 to $3.5 million. Once such unexpected events are exposed, market sentiment tends to diverge significantly—some want to bet on a rebound, while others are thinking about how to cut losses.
But the reality is, doing long positions at this time is basically meaningless. The risk is still in the digestion phase, and claim processing also takes time. The fundamentals are highly uncertain. Instead of blindly bottom-fishing, it's better to stay on the sidelines or remain in cash until clear positive news emerges. If you must participate, be prepared to cut losses.