Recently observed the performance of a popular project. From the on-chain data at the bottom, there are indeed large investors gradually accumulating. I have followed and laid out some positions earlier, and so far, the strategy still seems correct.

However, to be honest, the biggest fear in this process is the amplification of small mistakes. Many people lose a little money on a single trade and don't take it seriously, resulting in repeatedly making the same mistakes. In the end, small losses can lead to account explosions. The key is to stay within the risk control bottom line.

Each market cycle reaching this stage reveals a pattern: early entrants often lock in profits and wait for opportunities, while those still chasing higher prices are mostly latecomers. Smart funds have long been lurking in the shadows, waiting for impulsive buyers to step in. This is the essence of cycle-based profit—timing and patience are always more critical than chasing highs and lows.