Another familiar taste. $KUAISHOU fell 11% in a single day, dipping as low as 4.24. It makes me want to laugh, but I can’t.
A lot of people are staring at the 2.8M trading volume and shouting “liquidity crisis”—give me a break. The real signal is that it got smashed from 5.01 down to 4.42, with virtually no decent rebound in between. This kind of chart pattern in Hong Kong Stock Exchange TradFi tokenized assets usually means institutions are rebalancing—it's not something retail traders could smash out. The short-video sector right now is just a game of zero-sum positions: $KUAISHOU has been telling the same daily active user story for three or four years, and the market is already tired of it.
I don’t think you should bottom-fish. This price looks cheap, but until the sentiment on the Hong Kong side stabilizes, don’t rush to catch a flying knife. Wait until it closes above 4.3 for three consecutive days—otherwise, it’s just a matter of “whatever level it drops to,” and that’s that.
A lot of people are staring at the 2.8M trading volume and shouting “liquidity crisis”—give me a break. The real signal is that it got smashed from 5.01 down to 4.42, with virtually no decent rebound in between. This kind of chart pattern in Hong Kong Stock Exchange TradFi tokenized assets usually means institutions are rebalancing—it's not something retail traders could smash out. The short-video sector right now is just a game of zero-sum positions: $KUAISHOU has been telling the same daily active user story for three or four years, and the market is already tired of it.
I don’t think you should bottom-fish. This price looks cheap, but until the sentiment on the Hong Kong side stabilizes, don’t rush to catch a flying knife. Wait until it closes above 4.3 for three consecutive days—otherwise, it’s just a matter of “whatever level it drops to,” and that’s that.