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https://www.gate.com/announcements/article/45974
The current market is in a situation where people feel that others are shorting, while they are in the minority of bullish traders, so it has to rise. However, this is not the case; currently, although many people are shouting about shorting and big dumps, they are actually secretly going long. This has resulted in the bullish traders outnumbering the bearish traders. Therefore, from the current market perspective, it is going to fall, eliminating the bullish traders until they see no hope. They have cut losses but are still afraid to go long, thinking it will fall further. When neither side dares to act, the market will pump up. At the same time, this will make people hesitant to go long; it may rise sharply and then have a small pullback, creating a peak trend that lures most people into shorting, and then it continues to pump until the bearish traders are wiped out or cut losses. At this point, the price will definitely be at a new high, with more people watching than in full position, and the market will continue to rally, rising until market sentiment is completely crazy, losing rationality, and chasing the price. This is when the market maker will completely harvest, leaving those trapped at the peak completely stuck at the summit, completing a cycle of transformation.