There are too many retail investors. Who is pulling? It's all played by our fellow countrymen. After pulling, they all run away.

A few days ago, I mentioned writing about why the ORDI SATS in the big pancake ecosystem hasn't increased in value after a year of consolidation.

Unlike other coins, buying a meme coin often results in a continuous decline and sideways movement, leading you to sell and buy something else. However, the situation is different for ORDI; its community belief is very strong. Many people go as far as uninstalling exchanges, backing up their mnemonic phrases, and deleting their wallets. Additionally, many large holders who are not even from the crypto space choose not to sell during this stagnant period. This explains why it hasn't increased yet; although it has been washed out for a long time, there are more large holders.

However, after a certain point, the large holders who continuously hold without selling become 'diamond hands.' They aren't in a hurry to sell when the market begins to rise. As long as the market makers create the right expectations, when ORDI reaches 1000, seeing a rise to 100 will only be the beginning. More people will want to increase their positions, but the market makers are also worried about being dumped on by large holders, so the market is still in a period of grinding and waiting.