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Recently analyzed some data, the concentration of top-tier chips a while ago was over 6%, and now it has climbed to over 8%. I deduced from the loss amount that the main force has absorbed approximately 73 million chips. Looking at the shareholding ratio from another perspective, the numbers roughly match, around the scale of 350 million.
The key question is—how long can the main force sustain pressure? After all, the sunk cost is there; even if they lose, they will keep pouring in. Once the market starts to move, this 73 million chips will be nowhere near enough. I estimate they need to accumulate around 150 million before truly pushing the price up. The normal absorption cycle usually takes over a year, but this time they clearly went all out, compressing the pace to 8 months.
To be honest, I focus on the fundamentals and financial data. Whether the main force is present or when they move is secondary. This waiting period is actually an opportunity for me—there's plenty of time to accumulate and simultaneously position related assets. What needs to be eaten must be eaten.