Yigol
Yigol|Aug 06, 2026 07:13
Bless Been diving into BLESS these past couple of days. If the market rumors about 98% of the tokens being highly concentrated are basically true, then I think BLESS in the short term is more of a liquidity game rather than a price discovery market. The reason is simple. When the vast majority of tokens are concentrated in a few addresses, the real factor determining the price isn’t retail buying and selling—it’s market-making strategies. A pump doesn’t necessarily mean sustained bullish sentiment; sideways movement could just be waiting for volume; a sharp drop might be testing support levels. A lot of people like staring at candlestick charts. I prefer watching the order book. If trading volume keeps shrinking but the price remains stable, I’d think market-making funds are still controlling the pace. If there’s suddenly massive volume but no new highs, I’d actually become more cautious. My view is clear: For coins with high concentration, don’t try to guess the top or the bottom. First, observe what the market makers want you to see, then decide what you should do.
+1
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads