Some friends like to talk about institutions, so let's discuss it from the perspective of institutional logic. Other friends say anything is possible; please, use some normal logic.
First of all, retail investors cannot drive up the market, at least not for long, because although retail investors have money collectively, their funds cannot work together. When driving up the market, if you push him to sell, simply put, it's pvp. At most, there might be a FOMO moment to drive it up a bit. So when it reaches 100,000, this wave that lasts for three weeks at this height must be driven by the institution. Now since it's driven by the institution, think with normal reasoning: if you were the institution, what basic situation would allow you to drive up the market? That is when the control of chips is strong enough. Don’t tell me that half a year of fluctuations is not about accumulating chips; without accumulating chips, you can't drive up the market. If there is no control over the chips, driving it up is just giving away money. After accumulating chips for so long, the institution has a large amount of chips in hand. The institution is not a philanthropist; such a large market cannot be controlled with just a few million or tens of millions. The institution behind it is a group; no single entity can do it alone, and in the end, everyone wants to make money. However, with this liquidity at this price, their chips cannot be released. Do you understand? Distributing chips here cannot be done; it requires a sufficient height and a sufficient bull market mindset (buying at the bottom of a decline) to distribute. If you dump chips here, not much can be released, and the structure will be damaged. Retail investors will all run away. If you push down 10,000 points with 100,000, it becomes 90,000, and the structure is ruined. Will a 120,000 drop of 10,000 points cause panic? No. Will a 150,000 drop of 20,000 points cause panic? No. This way, chips can be slowly distributed. However, if you dump 10,000 to 20,000 points here, not to mention that not much can be distributed, the funds used for the previous drive-up are wasted. How does the institution drive the market? They push it up, and if no one chases, they continue to push. When many people chase, they dump, causing a short squeeze, and then retail investors panic and sell. The institution buys in, and when no one is chasing, they push up again. When there are people chasing, they dump again. This way, they can drive up the market with the least amount of funds. Therefore, you will find that the market is often contrary to the majority, forming a habit of buying at the bottom, clearing out the long leverage after a big drop, and continuing in one direction, slowly distributing chips.
