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PONKE surged 160% in a single day, which seems astonishing. But looking back, this coin has already fallen 98%, and holders are still losing over 80%. To put it simply, who benefited from this rebound? Only the exchanges. They profited from liquidating the short positions that were trapped. Ordinary retail investors? Whether going long or short, in the end, they are paying for the exchanges' profits. This is the reality of the market — what appears to be an opportunity is often a trap that has been carefully designed.
It's incredible, the shorts get liquidated and the exchange counts the money, the longs get trapped and we cry, no matter how you play, you're just working for others.
This PONKE thing should have been seen through long ago; the limit-up board is full of knives, none of them are cheap.
Every time I think I've bottomed out, I end up digging another hole at the bottom. My contrarian indicator is hopeless.
If I dare to go all-in this time, I might end up contributing another 80%, learning to be smart and short... but the result is also death.