The recent market trend is indeed playing a counterintuitive logic— the higher the threshold, the more determined the participants become.

Looking back at the last big rally of BSC, where did the problem lie? The bottom gave too much room for adjustment. A large number of investors were frantically building positions at the floor price, holding low-cost chips in their hands. On the surface, it seemed like overwhelming popularity, but in reality, hidden risks lurked—these people lacked resolve. As soon as upward momentum faced some resistance, they would panic and sell off, causing each surge to be knocked down. Ultimately, this dragged a potential rally into an awkward situation of "rising a little then falling back."

Now, BSC2.0 has clearly changed its approach. The bottom no longer gives you the chance to accumulate slowly; the rise is rapid, the pullback space is small, and the entire rhythm is accelerating. This may seem ruthless, but it’s actually a filtering mechanism—keeping out speculators who want to chase cheap prices, leaving only funds willing to chase high and participants who can hold steady.

The result is that the cost basis of chips is rapidly pushed up, and distribution becomes healthier. Those who buy at high costs have a completely different mindset. They are less likely to sell in panic and, on the contrary, become more reluctant to sell as prices rise. This holding mentality is the cornerstone of a sustained market trend.

Looking at the Goat wave in the SOL ecosystem, you can understand this logic. The longer the bottom is dragged out and the cheaper the price, the more chips seem to accumulate. In reality, they are mostly retail investors without a solid consensus. Once prices start rising, no matter how good the story behind low-cost chips, they ultimately fall into the fate of "selling more as prices go up." In contrast, high-cost entry funds can stick to the rhythm of "rising steadily."

The core rule for this quarter is very clear: whether in BSC or SOL, to survive this round of market, you must first break the instinct to chase cheap prices. Abandon the obsession with bottom-fishing, learn to hold steady amid volatility, and become a true holder. Otherwise, the market will eventually淘汰 you.