A brief discussion about ZKJ: 1. There are many types of project teams, but the most direct one is supporting the secondary market. During the bear market from May to September last year, ZKJ consistently maintained its position at the 1B level. The subsequent market in November also showed a steady upward trend, and currently, it is less than 10% away from its peak. This makes it a rare project team in this cycle that is both financially strong and strategically sound. 2. Currently, there are $250 million worth of contracts on Bybit. The lower the price drops, the larger the contract positions grow, and these positions are opened with high funding rates. Just the funding fees alone over the past month have been significant. After this wave of Alpha, it will be interesting to see how the open interest (OI) changes if Binance contracts go live. There’s an old position plus some new purchases on Alpha starting yesterday to earn points.