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The market rhythm over the past month has basically been set—crazy upward moves in the Asian session during the day, followed by sharp declines in the US session at night. This cycle has repeated more than ten times, almost becoming a daily routine.
The specific timing is very regular: during the Asian session from 11 to 12 o'clock, the price is pushed to the daily high, but it only lasts a few hours before around 8 p.m., a wave of selling causes a low point. After repeatedly confirming this rhythm, I really start to wonder if someone is deliberately manipulating this pattern for effect.
What’s even more heartbreaking is that negative premium has persisted for over a month, indicating that the institutions holding the coins simply can't sell all their holdings. Every day the price drops, and the selling pressure from institutions never stops. Retail investors have long been caught in a trap. When will the real bottom come? After this month, who still dares to chase highs?