The prince has emptied his warehouse...

The interest rate decision is expected to be announced in October, with a prediction of 25 basis points... if it exceeds expectations, 50 basis points..

There are signs of easing in the Russia-Ukraine conflict.. ceasefire at any time..

The time and place for Sino-American economic consultations have been confirmed..

The Federal Reserve supports crypto payments... gold has plummeted...

Various signs are favorable for the crypto market... but why isn't the market rising?

Take a closer look at the on-chain data and you will understand... most on-chain whales are shorting, but the fees remain positive (long positions), indicating that most retail investors are still going long.. combined with the recent market, it has been repeating the pattern of "rising one step and falling two steps!"

The overall trend is downward 👇 but it also gives the impression of being unable to fall...

Occasionally, there is a sudden spike, but it will immediately be smashed down...

It resembles the last wave of rising in 2021, where the main force intentionally made retail investors form a habit of shorting at high positions... once retail investors got used to this pattern, a sudden surge occurred, preventing most from getting on board, and by the time they reacted and chased in, it was at the peak to take over... then distributing chips and going bearish...