Does this resemble a play? First, they spread rumors about favorable policies coming, causing a surge to 120,000 and triggering big short positions to sell at high levels. Then, on November 21, when options expire, there is a sudden policy reversal, directly wiping out retail investors. Honestly, this routine is somewhat similar to the script during the 2008 crisis—initial hope followed by a harsh reality check. How long can market memory last? Maybe they are betting we will forget. But this time, crypto market players are different. With more cycles experienced by major coins like $BTC and (, many have already learned to see through these tricks. If they try this move, they are probably underestimating the maturity of the current market.
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Does this resemble a play? First, they spread rumors about favorable policies coming, causing a surge to 120,000 and triggering big short positions to sell at high levels. Then, on November 21, when options expire, there is a sudden policy reversal, directly wiping out retail investors. Honestly, this routine is somewhat similar to the script during the 2008 crisis—initial hope followed by a harsh reality check. How long can market memory last? Maybe they are betting we will forget. But this time, crypto market players are different. With more cycles experienced by major coins like $BTC and (, many have already learned to see through these tricks. If they try this move, they are probably underestimating the maturity of the current market.