This is basically the bottom; it was just luck. My personal thoughts, I'm not sure if there are any issues: 1. The stablecoin narrative has been one of the most important narratives in the past 26 years, determining the direction of the entire market. 2. Crypto stocks and cryptocurrencies are fundamentally different things. This can be seen from previous cases like OKB and OKX, as well as HSK and Hashkey. 3. Always reject any DAT or mining companies. By the way, I'd like to recommend a few stocks I've been following: 1. Bitgo, stock code BTGO. Currently, it's below its IPO price of $18, and the current price is just over $11. However, if you look at their custodial assets and related compliance actions, they are the core custodian of WBTC and the official custodian of USD1 (I learned about the custodian through WLFI and USD1). They previously handled the custody of assets in the FTX bankruptcy case and provided support for the Mt. Gox liquidation. They also hold an OCC license and currently process over 20% of Bitcoin on-chain transactions, with total platform assets exceeding $100 billion. Several Wall Street analysts maintain a buy rating (the previous one was CIRCLE, which I bought). The current market capitalization of just over $1 billion is definitely undervalued. 2. As for exchanges, the competition in the US is fierce. Besides the leading exchanges, there are Bullish, Bakkt (which has already transformed), Gemini, Robinhood, and Galaxy Digital (which just started supporting it). It's too competitive to go into detail here; I'll analyze the situation of major US-listed exchanges separately later. This is definitely not an advertisement, but it involves my holdings, so please do your own analysis. This is just a share of my holdings and does not constitute investment advice. DYOR