To be honest, tonight's “big pancake” isn’t simply a one-way surge. The huge swing of more than 3,600 points—the kind that makes the whole structure collapse—has those making the “pancake” just feel like the sky is falling. The moment they just entered, they were hit by a one-way, frenzied pump. Right when it looked like a pullback was coming, they turned around and—boom—another huge bullish candle smashed right through the roof. Overall, the direction remains chaotic.

Friends who are trapped long at higher levels and short at lower levels: on one hand, they’re afraid of more downside; on the other, they’re afraid of getting completely left behind if they miss the move. They keep looping in place, endlessly anxious and grinding themselves up with internal friction. $BTC $ETH #Gate13周年现场直击