The video of the cited article is worth watching ten times.
老王Victor
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Bullish
🧧A few new coins are rising so sharply, the spot market must be overwhelmed, which means there were too few purchases! Just look at how many people are shorting; which stubborn individuals went to short the three new contracts on Binance: $FHE, $STO, $PUMP? It can't be that they heard someone say to mindlessly short new coins on Binance! First, we need to look at the market capitalization of these coins, which were launched a few days ago during a sluggish market, so the market cap has already been compressed by 80%, and today is a day of market recovery.
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