#大户持仓变化 The on-chain changes over the past two weeks are quite alarming. The top ten addresses' holdings share dropped from 93% to 89.9%, a decrease of 3 percentage points in just two weeks. Everyone understands what this means — whales are selling off. So who will take this 3% of the market? To put it bluntly, project teams might be laughing all the way to the bank.

How low do they want to push the price with this move? Looking at it now, any notion of value investing has long become a joke. Well, since the fundamentals are no longer stable, why not go all-in on a few hot meme coins and try your luck? At least there's a chance to turn things around.

The current situation is like this: those shorting are making a killing, while almost everyone still holding is in floating loss. The criticism is about to pour in. Those who haven't been liquidated from their longs are already deeply trapped, and no amount of leverage can save them. This will be my last time adding to my position; if it drops further, I really won't make any more moves.