1/The collapse of Mao Zedong economics, with the traditional "bridge roll retreat" or "save equal retreat" model being squeezed out by low returns and opportunity costs 2/The VC coin model with high FDV and low flux has completely failed, and the "halo" of VC coin has failed. It is not appropriate to judge project feasibility based on financing amount and VC institutions 3/Professional hairdressers shift towards multiple identities, compressing secondary market liquidity and arbitrage space Summary: After a short period of time, it's time to finish eating, sleeping, and so on