Golden Finance reported that Wu Jihan posted on social media that Matrixport's analysts operate independently and express their opinions without any influence or interference from management. This latest report is prepared for Matrixport's clients. However, its widespread dissemination in the media is not planned by Matrixport and is beyond our control. As far as I know, Matrixport has always advised our clients to pay attention to risks and leverage, especially given the market volatility caused by expectations around exchange-traded funds (ETFs). This volatility is evident in the high financing fees in the perpetual market and the recent decline in cryptocurrency-related stocks in the stock market in the two trading days before today. He also emphasized: "Looking at the history and future prospects of Bitcoin, the current volatility and the uncertainty of the potential approval of the Bitcoin ETF in January 2024 are ultimately unimportant. In the long run, Bitcoin will always dominate. In my opinion, it is inevitable that the spot ETF will be approved by the SEC, which will attract new investment into Bitcoin. Bitcoin is expected to consolidate its position as a store of value and risk hedging asset, similar to gold."