The liquidity issue with APT is indeed troublesome. Yesterday, I fully cleared my position, mainly for a very straightforward reason — the current upside potential is too difficult to open up.

Think about it — who could have predicted last year that APT would fall to $1.4 this year? Few would dare to say that. But now, that’s the price in front of us. Since the liquidity drought is unlikely to improve in the short term, instead of holding passively, it’s better to take proactive action.

My logic is this: if next year truly enters a bear market cycle, it’s entirely possible for APT to fall below $1.00. Rather than cutting losses now, it’s better to wait until the price drops below $1.00 next year to buy more chips. From the high point at the beginning of the year to the end of the year, it might fall below $1.00 — during this process, whoever holds the low-position chips will hold the future opportunity.

Poor liquidity and difficulty in rising make liquidating now a rational waiting strategy.