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$SEI 1. First, the market maker originally intended to push the price up to around 0.06666 to lure more buyers and sell off their holdings. However, most retail investors had already sold and exited early, and no one was willing to chase the high to buy in, resulting in the market maker being unable to offload at high prices and being passively trapped at the high level.
Now, the market maker is in a dilemma:
Directly dumping the order book risks triggering panic and incurring greater losses;
Forcing a rally with no follow-through is too costly.
2. Currently, the market maker is supporting the price around 0.06570 with buy orders, just hard-pressing to stabilize the price and wait for buyers to step in. Trading volume remains low, as everyone is reluctant to buy in at high levels.
3. If no one is willing to buy in for a long time, it’s possible the market maker will choose to push the price down, testing levels around 0.06130 or even lower, creating volatility through washouts, and then looking for an opportunity to break free.