There's an interesting phenomenon worth noting — a holder has been locking in this coin since December 1st, and there's still no chance to exit. Over a month has passed, and this detail actually explains a lot.

If this were a linked tray situation, there would be no need to wait like this. The tray would either rapidly surge or quickly dump, no one would keep such a large amount of funds locked in for the long term. Hedging operations are the same; the capital costs are too high, and the outcome should have been clear long ago.

But what is the current situation? It's still sideways. The holder's funds are tightly locked, and this tactic is indeed ruthless. If this stalemate lasts for a year or more, even using it as a savings coin would be disastrous. The underlying intention to control the market can be quite clear from the timeline.