Consistent with our words and actions, we have continued to increase our ETH holdings. Since the drop to around 3000 following the 10/11 event, we have been the largest ETH bulls in the industry (BNNR is a dollar-cost averaging strategy). Firstly, we are bullish on the 2026 bull market, especially in the first quarter. It's difficult to concentrate large positions at the absolute bottom, so we are not worried about fluctuations of several hundred dollars. Secondly, the industry's short positions are excessively large; ETH futures open interest continues to reach new highs, becoming a dominant price factor. On some platforms, futures open interest is equivalent to spot trading volume.