Coinbase's IPO price fell below the offering price. Given the current market conditions, reduce the frequency of your trades. Focus more on AI and US stocks. Main reasons: 1) Pre-market profit was only around 15%. 2) Sentiment was high, and Bitcoin's price dropped to as low as $80,000. 3) The offering was only 0.4 times oversubscribed at the last minute. 4) Coinbase has account risk control issues. Conclusion: Low risk-reward ratio. Ultimately, I chose to abstain from participating.