<Let’s talk about the industry truths that everyone is reluctant to say> The bosses of secondary funds are clearing their positions. Asset managers are settling profits. Miners are starting to move towards compliant financial management. Family offices are discussing withdrawal issues. Hedging has reduced beta. Quantitative strategies have ended alpha. Exchanges are shrinking their risk exposure. Large holders are actively hedging. We are starting to take over. Good morning, Makabaka.