5.23 Thoughts
Why does the pancake market keep expanding?
1. Major players and institutions locking up their assets are like fixed deposits; once bought, they just lock them up and don’t move, resulting in fewer coins circulating in the market.
2. Short-term traders are getting washed out; every slight pullback leads to a spike, and those with high leverage are crying for help, now they don't dare to jump in easily.
3. The market keeps adding fuel to the fire, constantly thinking "it should pull back now," but instead, it keeps shorting and leads to further increases.
Now, market sentiment is increasingly FOMO. When even the aunties are asking how to buy tokens, you need to be cautious.