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An afternoon burst of hype lured buyers higher, and more bulls came out to call for a buy signal. In the end, that night it dropped straight back to where it started—getting the market’s harsh slap in the face.
In a downtrend, there are always people drawing a fantasy of “to the moon,” talking up “value,” and tricking newbies into taking the bag. If it were really that profitable, wouldn’t they have sold their own house and gone all-in with a heavy position? Why keep pushing it everywhere?
CORE has long been standing on the edge of a cliff. Don’t comfort yourself with 90% of the hash power. How many so-called “safest” public chains from the past are now ignored and nobody cares anymore. 25 large holders control 89% of the available float; the whales can dump at any moment. Once a sell-off stampede starts, there’s basically no one left to take the bag.
The ecosystem has been hyped for two years—SatPay and Core Alpha have produced nothing in practice. What’s left is endless delay, and the more faith is consumed, the more it gets shattered.
Don’t expect the whales to bail you out. The main players’ cost is nearly zero, while you get trapped at high prices—you can’t possibly count on them to lift the banner and save retail investors. The most deadly risk is delisting: once exchanges abandon the project or wallets stop updating, all you’re left with is code you can’t sell.
Market movement is hard to draw a definite conclusion on, but risk management must be done well. If you have profit, cut positions decisively and lock in your gains; if you’re deeply trapped, at least cut the position in half and switch back to U. Borrowing money to add to your position is not “belief”—it’s gambling.
Don’t wait until bad news lands to regret it. Guarding your principal is always more important than fantasizing about a turnaround. $BTC $ETH $DOGE