Recently, the uncertainty in financial markets has continued to rise, leading to dramatic changes in investor sentiment. According to data from well-known analytics platform Alternative, its Panic and Greed Index has dropped to an extreme level of 25 points, indicating that the market is currently in an 'extreme panic' state. Compared to yesterday, the index has shown a significant decline, reflecting a marked deterioration in overall market sentiment. In response to this sudden change in the index, analysts point out that the market may continue to face significant volatility risk in the short term. For investors, maintaining a cautious attitude and implementing appropriate risk management strategies is particularly important in the current environment.