#加密市场流动性 Seeing Strategy's recent moves, I thought of a vivid analogy: if the crypto market is a long-distance marathon, then sufficient liquidity is like a runner’s stamina reserve. Strategy's $740 million financing and $2.19 billion cash reserves are enough to cover 32 months of expenses. This is not just a numbers game but a clear signal to the market — in times of greatest uncertainty, maintaining ample "ammunition" is essential to survive the cycle.

This also reminds me of an important lesson in the Web3 ecosystem: in a decentralized world, users and project teams need to learn self-management and risk prevention. Not all projects can plan ahead like Strategy, but this forward-looking operational philosophy — preparing during prosperity and maintaining resilience during downturns — is worth every ecosystem participant's reflection.

True long-termists are never afraid of the "winter"; instead, they see it as an opportunity to reorganize and optimize. Projects that survive cycles and continue to innovate are often the engines of the next growth phase. That’s why I remain optimistic about this ecosystem — because every test filters and strengthens truly valuable participants.