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Recently, the official stance has clearly shifted, and many people haven't realized this change yet. As a result, those who have accumulated chips at the bottom are now in a dilemma—wanting to sell off but unable to do so. The market liquidity is deep enough, making it far from easy to trigger a panic sell effect.
What's more interesting is that the current active holding addresses have only just surpassed 1,000, indicating that the market is still in the very early stages. From this perspective, a large amount of chips are concentrated in a few addresses, which actually creates a subtle balance—no one dares to sell off recklessly because the cost is too high.