Interestingly, the same amount of over 400,000 USD might only cover the expenses of a single academic conference in the scientific research field, but in the crypto world, it becomes the entire savings of many retail investors. This huge psychological gap reflects two completely different understandings of capital—on one side, it is insignificant from a macro perspective, and on the other side, it is the entire reliance in personal life. Market participants' risk tolerance and capital planning vary greatly; some treat idle money as bets, while others have invested their living expenses. As a result, the impact of the same event can be entirely different for different people. There is indeed a huge gap in people's perception of returns and risks.