That's a good question, but I can't give you a clear answer. After all, I'm still an outsider in the field of investment research, and the one with a bit of independent logic is BTC. But is my money making on Bitcoin related to my investment research? Yes, but it's not big. I've thought about it and my main reason for making money from BTC is that I haven't sold it before. Indeed, after 2023, the several buying points I publicly announced have all risen well, but if I hit the wave, I may not be able to make it back. I didn't put a lot of effort into researching ETH and BNB, but I still made money, and the way I made money was the same as BTC without selling it. What do you think I really researched? I researched BNB in the early days. But I put in very little effort on Bnbchain, and I haven't done much research on ETH either. On the contrary, I didn't make a penny in the field of BTCFi that I really put in effort to research, mainly because I researched more logic. That's not pleasing to the eye, and I'm also good at RWA research, but it was only after suffering losses from BTCFi and separating financial investment from innovation that I made money. If I were ten years younger, I still wouldn't be able to earn this money. Of course, I have become more adept now. I believe that research cannot be done "behind closed doors", but should be "open source". Some projects are not well done, lack narrative, and have confused goals. At this time, we should not look down on them, but help the project team sort them out. Although the final form may not be what I imagined, it can indeed help the project team grow and make money. However, the money earned from this part is still not related to transactions. Instead, it is some of the big shots I know who are very knowledgeable about secondary investment and are not very concerned about investment research. So I think investment research in the secondary market still depends on the level of understanding, not necessarily a thorough study of the project itself. Having a good understanding of the core logic of the project is enough. For example, in this Aster incident, it was recognized in advance that Aster is strongly supported by Binance, APX has merger expectations, and can win over many people if it can be held up. However, there are also many people who sell well in this group, and the ones who really get big results are limited to @ 0xVeryBigOrange @ CryptoErgou and @ SEFATUBA3.