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First, let's state a major premise - this round of Bitcoin Bear Market has just begun.
Looking at APT's own troubles: In 6 days, nearly 30 million tokens will be unlocked and dumped, and this thing is unlocked monthly. What do you think those institutions are doing while they're shouting "buy the dip"? They are publicly calling to buy, but secretly dumping their holdings.
To put it bluntly, APT is now the representative of retail investors huddling together for warmth, just like the script of FIL back in the day – as for the real big funds? They've already moved over to the brother chain SUI.
In this situation, how do you think things will unfold next?