GPS market makers were blocked, and the price surged in a short period of time. I made a small profit in the afternoon.
The price has fallen back now, but I think GPS is likely to have a second period of strength.
1️⃣GPS had too many locked-in shares before, and the short-term surge directly released the locked-in shares. The price suppression in the chip-intensive area is the best verification, so the price correction and fluctuation after the surge is a normal retracement behavior.
If the price eventually fluctuates sideways around this range, I have reason to believe that the new main force is absorbing funds here.
The largest seller in the market was blocked, and retail investors sold after being unblocked. Who will take over?
2️⃣After the market maker was blocked, Binance will definitely promote a solution.
But the coins have been smashed and turned into U. What can we do?
Compensate U to the users who traded? Unrealistic
I think the reasonable and feasible solution is most likely to buy it back, and then make some behavioral restrictions.
So there is a potential positive event here.
5 million U buy orders + emotional promotion
If the main force is really absorbing funds, it is the best driving force.
There is a necessary condition here. I think that GPS cannot fall below the new low during this period, and it fluctuates sideways around the bottom range.
One possibility cannot be ruled out, that is, when the market maker is discussing solutions with Binance, the project party/rat warehouse is absorbing funds. On the surface, the market maker actively proposes to make compensation to promote market sentiment, but in fact the rat warehouse is profitable.
After all, Binance is not a judicial institution and cannot completely block the news, so good news is likely to leak out in advance, but it will be reflected in the price.
#GPS老鼠仓 $GPS