$LAB Last night's violent surge was purely to trigger targeted liquidation + project team offloading at high levels

Currently, 95% of the holdings are in the top ten addresses, previously it was 98%-99%
It’s not genuine buying pressure driving the rise, not positive news, not capital actively entering; it’s entirely the standard routine of project teams and big players colluding to manipulate the market: first pushing the price up to wipe out all low-level short positions, creating a false impression of strength to induce FOMO, attracting retail investors to chase the high and buy in, then the project team taking advantage of the high levels to offload in large quantities。
First, that wave of stretching last night was entirely a volume-less, hard push, needle-insertion style rapid surge, not a steady increase with volume, indicating there was no real outside capital entering the market, only market makers controlling the price with small amounts of funds to manipulate the price sharply higher. The purpose is very clear: to target and clear all lurking short positions below, using the rapid surge to directly trigger stop-losses on low-level shorts and cause chain liquidations, collecting futures short positions; after cleaning out all the shorts, the market has no more short selling pressure, and there’s no key resistance above, paving the way for the project team to offload at high levels later.