The situation at the time: The perp DEX market was super hot; A lot of people started having faith in holding for several years and brainwashing each other; Wash trading volume surged, but prices faced resistance moving upward. Three lines converged at one point. What’s valuable isn’t the judgment of the result—that’s just the fish. What’s valuable is finding the constants among various variables, identifying the main road at the crossroads, and determining the direction—that’s the fishing rod.