Given the current major pain point in the options market curve shape, this bull market will no longer allocate $JLP, an on-chain beta asset, but instead choose to allocate the MSCI Global Index off-chain as a beta position substitute. This is because I believe the MSCI Global Index will have a better risk-adjusted return ratio compared to $JLP over the next six months. Additionally, after repurchasing the Fat Penguin NFT (just bought it and already made 1 ETH, oh yeah!), the Alpha position will allocate some assets in the RWA and stablecoin sectors with strong ecological niches ($PlUME $CRV $PENDLE). On the infra side, since I already hold ICO NFTs from @soon_svm and @megaeth_labs, as well as positions from the Bear Chain's boyco recharge campaign, I will not allocate new risk exposures but instead adopt a passive approach, waiting for project TGEs to exit opportunistically. Therefore, this seasonal market's barbell cycle strategy consists of the MSCI Global Index and Fat Penguin NFT + RWA and stablecoin sector blue chips. Based on the acceleration experience of the 24Q4 seasonal market, this 25Q2 seasonal market is also expected to be very short-lived, likely lasting just over a month. Hence, I will set strict stop-loss lines, and if triggered, I will decisively stop losses and wait for the 25Q4 autumn market opportunity. That's all.