While squeezing my nose to brush Binance Alpha, it is necessary to appropriately go long on BNB.

Why brush.

Alpha is currently an overall very problematic project screening + very misleading data prosperity + exploiting the benefits of some people to distribute to other retail investors + undermining the rationality of industry pricing + reducing uncertainty will definitely lead to the disappearance of high multiple wealth effects... These views remain unchanged, overall Alpha points are still a tumor, and there is little chance of change in the near term, so it is necessary to spend more time adding points and drinking soup, otherwise the losses will be even worse.

Why appropriately go long on BNB.

Alpha seems to have not provided benefits to BNB holders, but in reality it forces a large number of new projects to deploy on BSC. BNB does not differentiate between Binance's main site transaction fees, but it can't resist the increasing number of VC projects all forming BNB pools, priced in BNB.

BSC has transformed from a second-rate dog chain centered around the couple concept into the current external liquidity layer of the universe, Binance. Not only application projects, but also all sorts of miscellaneous layer 1 and 2 projects need to be deployed there.

This is also why I was previously puzzled why so many projects invested by the original Binance Labs were not forced to deploy on BSC or OPBNB. Now it has been achieved in another way. If Bybit had enforced new projects to deploy on Mantle earlier, MNT would have taken off long ago.

Moreover, Binance Alpha has siphoned off part of the income from Bybit and Gate. This state will visibly last for a while, and currently there hasn't been a full market discovery yet.