From UNI's token burn having no pump effect, to BANK's spot listing immediately getting dumped, it's clear that market funds are becoming increasingly unwilling to chase secondary market trends. On the other hand, Alpha users are still growing steadily. This situation—where the product is great but the market isn't buying in—is the toughest part right now. You’ve picked the right track and recognized a good product, but it’s hard to predict that market makers would act so aggressively. At this point, it’s all about position management. My personal habit is to only bet a fixed proportion on any project, no matter how promising it looks, so I don’t lose control. BANK peaked at 3x, but now it’s back to the cost line. I’m not the only one taking hits this round—@yuyue_chris is in the same boat. This also shows that the difficulty of the market is clearly increasing. In this kind of environment, it’s even more important to learn how to protect your wallet.