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80 million dollars' worth of the hanging sword! Is the 160 million tokens unlocked by ASTER a dead end?
The promised 70 million tokens, but instead 160 million tokens were directly dumped? ASTER's unlock truly stunned the market.
Over-expected doubling of chips, at the current price, this is a real potential selling pressure of over 80 million USD!
This isn't just a bearish event; it's like a meat grinder hanging over retail investors' heads.
Faced with this massive amount, many still deceive themselves: "What's there to fear? Just pledge them all."
This kind of thinking is too naive.
If these 160 million tokens flood into the staking pool, the pool's returns will be instantly spread thin, and the APY (annual yield) will definitely plummet to a miserable level.
Those old funds earning interest in the pool will see such poor returns and high opportunity costs, and will surely cut the internet cable and unstake to dump.
This is called "staking backlash"; trying to lock liquidity through staking?
It will only accelerate the death spiral until all the buried are buried.
Now the market is holding stubbornly around $0.60, and I want to see what the whales are using to absorb this 80 million dollar chip.
Using faith?
Without large unexpected capital inflows, such hard support is like a mantis trying to stop a chariot—once the defense line breaks, there's no support underneath.
Faced with this obvious supply and demand imbalance, my current strategy is four words: watch from across the river.
Watching the bulls and bears fight each other while sipping tea is simply delightful.
Such strong selling pressure makes shorting highly cost-effective.
But we’re not stubborn; don’t try to pick the top.
Wait until it drops below a key support level with high volume, and the bulls give up resistance, then follow the trend to short.
This wave of meat from the sickle, we’ll eat it steadily.