The era of storytelling is over; channels are the new gameplay.

Every year at the beginning of the year, I review the macro trends for the entire year. The achievements of previous years are here—I've anticipated the upward trend in the second half of 2024 in advance, and the market in Q3 2025 was also accurately predicted. Historical records have essentially validated the reliability of this approach.

In 2026, the main theme of the crypto market has changed. It’s no longer about concept hype and story relay, but about real application competition. This is the true reason for long-term capital to enter. Projects that can focus on product development and accumulate users will gradually surface. And those that purely tell stories and rely on public opinion to create momentum? Their lifecycle is shortening.

Simply put, it’s shifting from narrative-driven to structural opportunities. Capital is reallocating, and the profit logic is being rewritten. The underlying logic hasn’t changed, but the tactics have—this, for those with keen insight, is actually an opportunity window.