Skyrocketed for a year, just waiting for a chance to harvest global retail investors. I'm planning to open a 5x short position at the 1750 level. Hold it for a year. Reasons for shorting: Retail investors lack consensus; it's just institutions playing games. After such a long rally, institutions have already started offloading at high levels. Privacy is optional, not default. Most transactions still go through transparent addresses, and the actual adoption rate of privacy features is low, making it hard to justify a high valuation. Governance and development funds are controversial. A portion of block rewards has always been siphoned off, and the community is still debating whether to stop this in 2028—too much uncertainty. It's overheated. Over 20x surge in a year, recently pushed even higher by ETFs and short squeezes, so the risk of a pullback is high. Plus, there was a vulnerability that went unnoticed for four years before—trust is on shaky ground.