Observing the process of #gorilla's wash trading overnight was truly exciting:
1. At 20 minutes past midnight, the address that had a massive sell-off in the afternoon started to buy in small amounts, with a market cap between 4.5 to 5 million at this time. This position washed out some weak hands, and some addresses incurred losses and exited;
2. At 40 minutes past midnight, the top address began to sell off, and the fifth address was also selling. The second and third addresses were simultaneously selling out. Interestingly, these big players did not dump the market all at once, but instead sold off in multiple small transactions while the address mentioned in point 1 was continuously buying in;
3. The entire process lasted about an hour, with continuous and sufficient turnover. The lowest point dipped below 4 million, and after the big players sold off, the price quickly surged to around 5 million. Meanwhile, the number of holding addresses kept increasing, indicating that the operator was using multiple dispersed addresses to buy in;
4. Currently, the chip distribution looks healthier, and there is no significant selling pressure in the market. The load has lightened. Friends who haven't entered yet are advised to buy at this position, as it represents a good opportunity to scoop up some bargains;
5. I will continue to build and be a builder! #美联储FOMC会议 #Pectra升级