Some interesting points/facts recently: 1. From an institutional perspective, the Alpha for ETH is no longer in DeFi and Layer 2, but in super apps like WLD. With this logic, Tom Lee's support makes more sense. 2. For large-cap Alts, the liquidity premium brought by Upbit is getting smaller and smaller, eventually turning into a few bots cutting each other. 3. The market currently has no clear leader, so the ability to connect the dots is pretty important. 4. The core strategy for small coins is to dynamically test the order book—if someone follows, go for it; if no one follows, wait. On the charts, it leans more toward small, steady steps.