$BEAT's trend is indeed quite interesting. Seeing that on the 1st, so many chips are about to be unlocked, according to conventional logic, this period should be the golden window for price manipulation. But yesterday's market behavior really didn't follow the usual pattern.

On-chain data shows that the top ten wallets haven't moved at all. Meanwhile, the futures market during the same period saw long positions reaching tens of millions—this discrepancy itself is quite absurd. According to common manipulation techniques, there should be corresponding chip flows on-chain at this point.

The most heartbreaking part is the price performance. It finally rose to $3, but then started to collapse. The buy and sell activity didn't generate any substantial gains, and instead gave the bears an opportunity to take over.

Looking at it from another angle, if it were truly a whale manipulating the market, this move would seem a bit awkward. Professional institutional-level operations generally wouldn't exhibit such "bluffing" behavior—massive long positions being taken without any corresponding activity on the spot side. It could be a strategy adjustment, or perhaps the manipulation approach itself has a problem. The logical chain here definitely warrants some analysis.