I believe the short-term rebound has ended, and the rates have turned positive. The bulls can retreat now. The two market makers have not stopped selling their 2.5 million tokens since they were listed, which makes me anxious.
This rebound is completely driven by retail investors or large players taking advantage of negative rates to push prices up. Currently, the liquidation of large amounts by the second brother is almost done, and the market is unlikely to have upward continuation. Let's wait until the tariff implementation earthquake on August 1st to see if there is a possibility to enter the market.
However, at this stage, I don't dare to short. My long positions are almost finished, and I have cleared out my spot (got in at the bottom of 1.15 😁). Let's see how you all fare in a couple of days, haha!
