Update on the latest views of $pythia: 1. Last week, $pythia experienced a lot of turnover at the 100M position, with many people's take-profit points set at 100M. It seems the market makers got a bit anxious; just two days after breaking through 100M, they were still buying, probably accumulating a few million. Despite so many people selling on the 21st and 22nd, there was still a net inflow of nearly 2M. By the 23rd, the market makers changed their strategy and started to wash the market, likely feeling that they had spent too much ammo, having already spent over 10M by now. The wash led to a lot of retail investors fleeing, and it was evident that the wash was quite aggressive. I thought it would at least take a day or two, but instead, they pulled the liquidity and then quickly pushed it back to 100M. The reason for such a rapid wash and quick recovery, as @druzbtc told me, is that many players in this market can't handle too much volatility, so the wash won't go too deep. 2. This month is likely to be dominated by washing and consolidation; it won't drop much, nor will it rise significantly. This time is meant to wash out those who can't hold on, as they have set up a one-sided pool, so many people probably won't buy and may even sell. Interestingly, it seems they don't need many crypto players to buy into this market; it's mostly the market makers pulling it up and offline clients buying. The advantage of this is that the volatility is smaller and more stable. I have always believed that the strategy of pulling the market without regard to cost is something we may not understand, as there could be someone waiting to buy at a higher position. We just need to hold steady and hope that after this wash, we can reach a new height in August. 🤣