Now I have seen through it. The Alpha phase on the BSC chain is actually the endgame of the entire game, meaning that the trading opportunities and risk concentration are at their highest during this period. The distribution of chips, the main force's intentions, and the project's trend are all decided during this time. Small retail investors either miss out or get washed out here — it's that simple. Instead of analyzing after the fact, it's better to think clearly about your position and strategy at this stage.