$$BEL 22% increase behind a bad hand: Pumping funds are still fleeing, do you dare to believe?

Source: On-chain data monitoring shows that BEL's trading volume in the past 24 hours reached $157 million, with the price rising from 0.158 to 0.2289, but main addresses have been reducing positions densely above 0.22, with a net outflow of over $8 million. This wave looks more like quantitative bots pumping out, not genuine buying.
Translate into trading logic: 1. The apparent 22.65% increase is fake; the 24-hour high of 0.2289 has become a short-term mountain, and the main players are selling after pushing you in. The current price at 0.1947 is in a pullback zone, with 0.20-0.22 as strong resistance, and below 0.17-0.18 as support. If you chase long now, stop-loss can only be set below 0.17, making risk-reward unfavorable. 2. Retail investor sentiment is extremely high, with an increasing proportion of small buy orders, indicating that those chasing the rally are likely miscellaneous traders. At this point, going long is equivalent to helping the main players take the profit, while going short fears further rise; the best strategy is to wait. 3. Short-term trading suggestions: If you insist on trading, wait for a pullback near 0.17 to add a small long position, with a stop-loss at 0.158, target 0.195-0.20, and keep position size within 5% of total funds. Don’t chase high, don’t hold through the drop. Short sellers can wait for a rebound to 0.20-0.21 to short, with a stop-loss at 0.23, and target 0.17. 4. Note: High 24-hour trading volume does not mean good liquidity; much of it is wash trading. The real large order depth at 0.19-0.20 is less than $400k, and it can break easily. The essence of high volatility is dispersed chips, not strong market control by big players.
Has the news been priced in? — Main players have already offloaded during the rally, currently in a high-turnover stage. The 22% increase cannot be sustained; next, it will either consolidate sideways to distribute or sharply fall to fill the gap. The market sentiment favors the bears; be cautious when chasing longs.