I just closed all the remaining long positions of this hedging position opened at the beginning of August. Currently, apart from the newly bought Meme on BSC, I am basically in a cash position. On October 10th, with this level of altcoin flash crash, if the market really self-corrects in a day or two and continues to rise, there will be no shortage of opportunities to get in. However, if there are any hidden risks or potential impacts that haven't surfaced yet, it will be hard to predict the direction. I don't expect to catch every opportunity, but at this point, defending a position at least won't go wrong. This hedging position performed quite well throughout August. Starting in September, ETH's rise compared to other altcoins became less pronounced, so I made some adjustments. Later, as the overall market weakened, the decline of altcoins exceeded that of ETH, and the profits from the hedging position began to rise again, prompting me to gradually reduce my positions. In the end, I surprisingly closed my short position at a low price during the altcoin flash crash, and the remaining long positions benefited from a rebound, far exceeding expectations. In several trades with significant secondary returns, I basically got the trend right, such as shorting a basket of altcoins at the beginning of the year, recent hedging, going long on XPL, and shorting WLFI, etc. To achieve substantial profits in the secondary market, one generally needs to take larger positions, which also increases risk exposure, so it's crucial to have a planned stop-loss strategy. The advantage is stronger liquidity, allowing for more capital to be accommodated. On-chain, like recently when the market is good, I spend more time and energy monitoring the chain. Even during the relatively dry months, I would check the on-chain hotspots every morning upon waking up, not only because this is my area of expertise where I've achieved results, but also because on-chain data can reflect market trends and sentiment. For example, recently, if one had deeply engaged with the BSC chain from the start, they would notice that this time has sustainability. Even without trading dogs, simply going long on BNB has more logical support. The advantage of on-chain is that it allows for small investments to yield large profits, with opportunities to make over 1M without needing too much capital, while the downside is that it requires a significant investment of time and effort to gather information and analyze projects. This is also why I chose to keep the Meme on BSC, as it is currently the biggest hotspot. Including the logic I wrote in my last tweet, if the market stabilizes later, I still believe that the ceiling for BNB Chain can be broken, and these coins have the best odds. Meanwhile, the larger spot and contract positions are in a cash position, allowing me to observe the market's subsequent trends.