After a senior executive from a leading exchange entered a certain project, the project's attitude seemed to turn negative, and the efforts to support the price clearly diminished. Compared to the rebound momentum of other similar projects, this project is still struggling in a downward channel. From a trading perspective, short positions remain the main strategy to hedge against the selling pressure on the spot side.

Upon careful consideration, it becomes clear—can a project really sustain a valuation of tens of billions of dollars just because a certain celebrity is involved? This logic is obviously untenable. The involvement of executives can indeed boost short-term sentiment and influence the immediate market direction, but it cannot change the long-term trend of the fundamentals. The bear market cycle has already arrived, and the market is doing one thing: squeezing out unreasonable premiums and bringing prices back to their true value levels. This is actually a good opportunity for accumulation.