I just couldn't understand in the previous round—why don't all the top-tier institutions have think tanks? Why are they gradually losing money or even going bankrupt? In this round, we discussed many large and small institutions and found that many small institutions are really no better than an ordinary trader. They lack basic bull and bear market judgment and trend analysis. Many still rely on ETF inflow and outflow data and long-term investors' holdings to make judgments. Once you start talking, they are firmly convinced that BTC will reach...