Recent thoughts and sharing: Retail investors are extremely emotional biological groups (including myself), while institutions are more like hunters deep in the jungle, seeking long-term benefits. Without a perspective, individual investors with emotions naturally cannot truly understand institutions. From June 2022 to October 2023, Micro Strategy remained in a loss making state, losing nearly 2 billion yuan and causing the stock price to drop by 80%. At that time, the whole world was mocking Michael Saylor, just as now the whole market is mocking Tom Lee and Eli Lilly. The result of emotionalization is not only "disagreement", but also a tendency to short ETH in the opposite direction, subconsciously wanting to prove oneself right. So recently, we have been seeing many people using the Yili Huawei counter index, and whenever they buy ETH, there will be people jumping out to short. There's really no need, we're all nobody, don't be angry about making deals. Alternatively, you can win once, twice, or three times, but if you lose once, you will have to spit out your capital and interest. Next year is a bull market, time will prove them right. From another perspective, simply buying ETH spot is not enough to copy homework. Subconsciously, you still have to stand in the same cycle window as them and be prepared to hold on for 1 or 2 years. If not, due to the mismatch of time windows, you will either question the level of the institution or doubt your own luck. The above.