$ACT #ACT Why did it plummet

Because Wintermute abandoned the market

In the Hong Kong stock market, market makers are commonly known as "big players"

I mentioned several points in my previous tweets

- The market is deteriorating, retail investors have been cut and are out of money

- Binance has started investigating market makers, those who accepted bribes from market makers and relaxed management have been dismissed

- 90% of market makers are not clean (referencing stock market standards)

So market makers have begun to secretly withdraw to prevent being banned by exchanges and being required to withdraw funds

This secret withdrawal will gradually turn into a frantic escape

In the last version, the exchange was sacrificed, in this version, the hidden "market maker big players" are being sacrificed

The exchanges and project parties will also come out to add insult to injury, because in the past, exchanges and project parties have also been cut and have been scolded on behalf of market makers (with some exceptions, most project parties and selling market makers are in cahoots)