$U is currently still within the 16-20 oscillation range, but the two upward movements in the last two days have clearly been too strong. If things go wrong, this oscillation range might be broken, and this speed seems to be faster than I expected.
It may be because market sentiment has been too positive recently. Once there is an effective breakthrough here, it could lead to another doubling trend.
Additionally, we can see that the trading volume has significantly increased in this price range recently, with a lot of turnover happening. However, the price has remained strong at a high level, and the average cost held across the market is also rising rapidly.
So, let's analyze this simply. Who is getting in and who is getting out at this position?
Firstly, short-term weak hands have mostly exited from this position, and it has already provided a very friendly position. Generally, weak hands would abandon their positions at a market value slightly above ten million dollars, but given the range of sixteen to twenty million, it makes it harder for weak hands to resist the temptation to sell.
In contrast, the funds that have come in have a nature that is clearly different from the early PVP weak hands. The funds that have entered now are more community-oriented or have a stronger vision, meaning they have higher stickiness, and relatively larger players have come in.
Everyone will notice that the capital coming in at this stage is significantly different. The funds entering above ten million dollars, aside from some community-oriented retail investors with strong stickiness, are generally more ambitious players looking to make a second move towards breaking fifty million dollars. Otherwise, for them, the cost-effectiveness of entering at this price level is really not great.
As for their aesthetic in selecting targets and the events they will be betting on in the future, I am sure everyone understands. Let’s see together if the community's efforts and the strong resonance of secondary funds can help us achieve our next stage goal soon!