Regarding those controversial holdings in the market, many people habitually label them as "hedge positions." But let's calmly analyze the logic: if it were truly two accounts hedging each other, why has one long-position account been frequently posting opinions and analyses on the square since December 17? If it's a hedging strategy, does it really need to be so high-profile to maintain popularity and attention?

Ultimately, many times our judgments may be influenced by psychological factors. Seeing large holdings and instinctively thinking it's manipulation, or seeing frequent interactions and arbitrarily denying their authenticity. Instead of getting caught up in speculation, it's better to focus on on-chain data and market fundamentals of mainstream coins like BTC and ETH. Data doesn't lie, but human emotions often do.