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Some market observations on BEAT's recent行情. Currently, many large holders with long positions at the 4.0 price level are generally in loss, with the amount reaching five figures. In this situation, if these leading holders choose to hold their positions without closing, the market's upward potential will be significantly limited, and the window for retail investors to break even will also shrink. Conversely, the downward risk is actually accumulating. From the perspective of the market makers, there is no need to actively push the price up. Plus, with the new coin unlocking on January 1st, the pressure to sell is almost inevitable, and it wouldn't be surprising if the price drops below the 1 yuan mark. The current market conditions indeed require caution, and preventing liquidity exhaustion is the key.