Choosing the right timing for spot market launch indeed tests the decision-making ability of long-term holders. If the spot launch is regarded as the ultimate expectation, it can lead to an awkward situation—often, the moment the spot goes live is also a signal of a price top. To truly promote long-term asset growth, the key is not when the spot is launched, but whether it can surpass this single expectation and build a richer narrative logic. In other words, over-focusing on the timing of the spot market often results in becoming the last buyer at the peak of this wave.