Does this resemble a play? First, there’s a rumor about favorable policies coming, causing a surge to 120,000 and trapping short-term large institutions into high positions to sell off. Then, on November 21, the options expiration date, there’s 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’re betting we’ll forget. But this time, players in the crypto market are different. With the experience of cycles from major coins like $ETH and $BTC , many have learned to see through these tricks. If they’re really trying this move, they probably underestimate the maturity of the current market.