After analyzing Justin Sun's latest asset allocation sheet, one word sums him up: contradictory. What Justin Sun fears the most and what he holds the most of are the same thing. His base position is BTC. He hasn’t reduced his holdings over the past year. But he made a very contradictory move: on one hand, he’s worried about the impact of quantum computing and AI algorithms, while on the other, he’s isolating his holdings in “bunker mode” with a cold wallet and sticking to his position. His offensive position is ETH. Last year, he sold off 80% to 90% of it in the $3,600 to $4,000 range. Most of the funds were shifted to U.S. stocks, and currently, only 20% of his ETH base position remains, with no buybacks yet. His real main position is NVIDIA. He’s heavily invested and hasn’t reduced his holdings, treating it as a base position in the AI sector. This sends a very clear signal. Justin Sun has downgraded ETH from an “offensive asset.” Over the past two years, he bought and staked ETH in large quantities, with his holdings once nearing 700,000 ETH. Now, he’s slashed ETH’s offensive role by more than half and elevated AI computing power leaders as his new primary focus. But the most intriguing part is his attitude toward BTC. He acknowledges the risks but hasn’t sold. He isolates it in a cold wallet, but his base position remains untouched. This tells us that his judgment on BTC is: “I know there’s a minefield, but I’m not hitting the brakes.” And his judgment on the Nasdaq 100 is mildly bearish in the mid-term. He’s heavily invested but doesn’t short it. He’s bearish, but he doesn’t bet on shorting. He fears risks, but he doesn’t exit the market. This is the most authentic big-shot mindset. It’s not black or white, not all-in or all-out. It’s about striking a reserved balance between risk and opportunity. Is your portfolio balanced?