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Recently, this leading Chinese token from a major exchange has become a hot topic again. It has nearly tripled from the bottom, and after consolidating for a full two months, spot trading suddenly became active. To be honest, this trend is quite interesting—many shorts are still bearish, but the market data tells a different story.
The key is that the market maker holds 75% of the chips. Looking at it from another angle, pulling several times here would be a lucrative business for them. Will the previous high be broken? Most likely, they will try. After all, with so many bears, a round of liquidation is the normal operation.
That's how the market works—some are bearish, and some dare to buy. Whether you can make money depends on your ability to withstand volatility. If this wave of行情 (market trend) comes again, it will depend on who has a stronger psychological resilience.