#CFX Market sentiment and FOMO Once good news comes out, buyers in the market will quickly rush in, especially short-term traders and quantitative robots who seek quick profits.

A rapid price increase will trigger 'FOMO' sentiment, which is the fear of missing out on an upward trend, causing more people to recklessly chase high prices, further driving up prices and creating a short-term 'irrational exuberance'.

In the cryptocurrency market, large capital 'whales' have the ability to create the illusion of price increases through massive buying, attracting retail investors to follow suit, and then selling off their holdings at high points, leading to a price crash, from which they profit.

The sudden surge and subsequent drop of CFX is very likely fueled by the market sentiment surrounding China's potential allowance for the issuance of stablecoins pegged to the renminbi being ignited in a short time, with large buying pushing the price up rapidly. However, when the price reaches key resistance levels and temporary highs, large profit-taking and trapped positions sell off, causing the price to decline.

In short, this is almost a textbook case of 'news stimulation -> FOMO chasing high -> profit-taking selling -> price decline' process. $CFX