BEAT this wave of market movement has indeed trapped many investors in a dilemma.

Last night, when the price surged to $3, a large number of retail investors followed the trend, thinking this was a signal of a new upward trend. But reality is often not that simple.

From the market data, this looks more like a typical liquidity trap. After the price reached a high point and then quickly retreated, it created an illusion of 'a rebound after a decline'—but this expectation can be easily shattered by a sudden dump.

By the time investors realize it, a relatively sharp decline has already occurred. This also reminds us to be cautious in identifying market signals before chasing highs, especially since trading volume and open interest data often reveal the truth.