Why are value investors highly regarded? The key lies in their earnings from value growth and market trends, rather than zero-sum game profits. This year, the industry is in a clear upward cycle—whether from the macro policy environment or the Web3 development stage, these factors transcend individual will, and all we can do is observe trends and act accordingly. Recently, it has been observed that short sellers are still struggling, but as previously analyzed, on the eve of the 2026 bull market, shorts have closed their positions one after another, and losses are already determined. Those who go with the trend profit, while those against it suffer losses; such is the rule.