$LUNA LUNA and LUNA2 trading volume in the past 24 hours surged to nearly $2 billion, with negative funding rates hitting the maximum, short-sellers crowded the lanes, but the main force is pushing for a short squeeze. The reason is simple—Do Kwon’s sentencing tomorrow. The prosecution wants 12 years, the defense seeks 5 years, a difference of 7 years, which is seen by the market as a "volatility lottery." There is already a consensus that LUNA has no fundamentals; this rally is not based on belief but purely a gamble. The market has already undergone a change: the original victims have left, and now the players on the table are high-frequency traders, event funds, and asset hunters. For them, LUNA is not a project but an event derivative around the sentencing. Once the verdict is out, the market will likely react the same way: heavy sentence → fundamentals zero out; light sentence → Sell the News. Do Kwon’s future is now priced in; the market is not sad, only a machine that profits from volatility. #加密市场反弹 #美联储FOMC会议 #美SEC推动加密创新监管 #加密市场观察 #The Federal Reserve restarts its rate cut steps