Recently, projects like SUI, WLD, and UNI have been frequently positive, yet their prices are pulling back, which can indeed be unsettling.

But upon closer thought, this phenomenon is actually quite common — it's not that the positive news itself is problematic, but rather that the market hasn't fully digested it yet. Short-term selling pressure often comes from participants who can't hold on or lack sufficient understanding of the fundamentals.

Looking at the fundamentals makes it clear. Are institutions like Grayscale and 21Shares applying for spot ETFs to lose money? UNI's multi-billion dollar token burn mechanism and permanent fee buyback rules are real and substantial. WLD's capital deployment in the derivatives market isn't random. All these point in the same direction — institutional involvement.

The issue is that improvements in fundamentals and price appreciation often have a time lag. Ecosystem breakthroughs and the implementation of value capture mechanisms are long-term drivers that require time to translate into sustained buying, and market sentiment digestion also takes time.

This leads to a dilemma: we believe in the long-term prospects of these high-potential assets, but short-term volatility can be intense. How can we maintain a firm position without our entire portfolio being shaken by market fluctuations? This is the core contradiction every proactive investor faces.

Blindly holding on is clearly not the solution. The real answer may lie in — under the premise of a clear long-term direction — employing more flexible position management and portfolio allocation to cope with short-term uncertainties.