#去中心化金融 After reading the recent insights from Framework Ventures and Cantor Fitzgerald, I find it quite interesting. An institution is flowing into bullish DeFi blue chips, while another is issuing a warning about a possible new round of correction—on the surface contradictory, but actually reflecting the same reality: the market has become highly segmented.

My observation is that the follow-trade logic in 2026 will undergo significant changes. The previous approach of "chasing hot topics, new coins, and leverage" is basically no longer viable. Institutions are now carefully selecting DeFi blue chip projects, while retail investors are still chasing rebounds—this is where the opportunity lies.

The key is to learn how to identify the trading style tendencies of operators. Some experts will stick firmly to mainstream assets and top DeFi projects, with small but stable fluctuations; others look for bottom-positioning opportunities during this adjustment cycle. The former is suitable for risk-averse followers, while the latter requires stronger psychological resilience and sufficient capital.

Recently, I’ve been adjusting my position-splitting strategy, tilting follow-trade quotas toward traders with clear holding structures and decisive stop-loss execution—not necessarily the highest returns, but those who can survive the longest. The "winter" predicted by Cantor may indeed arrive, but this is precisely the time to identify true trading ability. Those who survive are the winners.