Bear markets are tough for both institutions and retail investors, but many listed companies have chosen to sell their Bitcoin this year—this is very unwise. In two years, they will regret it. In a bull market, they don’t sell; when the bear market is almost at its bottom, they rush to unload. That makes it easy to sell at the floor. This shows that many of these listed companies are essentially just running speculation and don’t really understand bull-bear cycles, let alone any so-called “belief.”