#监管政策与市场影响 dYdX's move is interesting. Spot trading has a small entry point, but the strategy is very clear—first use spot to open the door to the US market. Once regulatory looseness occurs, derivatives will follow the trend.

From a copy-trading perspective, this is actually a signal. US users entering the platform means liquidity levels will rise, and high-quality traders will start positioning in top projects earlier. I am closely watching whether leading traders are beginning to build positions in SOL spot. Once a clear signal appears, the cost-effectiveness of split-position copy-trading will be worth evaluating.

But we also need to be cautious—regulatory speculation is a common tactic. Before the SEC and CFTC's true stance is finalized, false breakouts are easy to occur. When copying, focus on the trader's risk management actions, not just following policy expectations. Traders who still dare to hold heavy positions during uncertain times either have an information advantage or are gambling. Distinguishing between these two is key to stable returns.

Short-term observation is fine, but position allocation should not be impulsive.