An An's several tokens have crashed, and it's unclear whether it was the market makers or the project team who directly withdrew the liquidity pool and dumped the prices. They have made three rounds of profit: one from retail market makers adding to the LP pool, one from retail traders boosting the trading volume, and one from retail holders of these tokens. With daily trading volumes in the tens of billions, it’s mainly these first few tokens that contributed.

Oh, I almost forgot, the market makers must have opened contracts at high prices, and they made a significant profit from the contracts, while the losing side was definitely the long positions.

The project team is happily collecting fees, so why did they suddenly withdraw? My answer is simple: because the alpha points have been tokenized, and many people are already prepared to stop trading, which means they won’t earn any fees, leading to their helplessness; they can only make a big move to harvest everything and take the wealth home for a prosperous year.

There was #ACT before, and #ZKJ after; such absurd events have never occurred in the previous bull market. The only explanation is that the project team realized they couldn't profit from pushing the prices up or holding, so they had to sell.

Retail investors and market makers are natural enemies. The only time they stand together is during the final bubble phase of a bull market, because by then the market makers have made plenty of profit, and you can earn a little bit as you please.

Don’t try to deduce information behind the scenes through token prices; this act is like trying to find the trunk of a tree by only extending from its leaves. But through the trunk, you can find countless different leaves.

In this round, only #BTC #ETH #SOL can see mainstream growth; Bitcoin's trend remains strong. Do you think the project team doesn't want to push up the prices? There is only one reason: because the project team cannot make money by pushing prices now; they have no way to push it, and if they do, no one buys. When Bitcoin rises, didn’t they also try to push prices? But no one buys. If there were profits to be made, the market makers would never be stingy about pushing prices up; the higher they can push, the more they can sell. They have long realized that their coins don’t have many buyers.

Trading cryptocurrencies requires one to avoid places where many are competing, and refrain from long-term interests that often come with high risks. If a person is trading cryptocurrencies while being both fearful and greedy, it can be extremely dangerous, and most people are exactly like that; what they lose can only be their principal.