Regardless of whether Bitcoin rises or falls, retail investors will not buy even 0.001, it's essentially just a lottery number, similar to a lottery ticket, and it no longer needs to conform to any logic. The major player can just write any number, and pulling it to 300,000 is not a problem. There is no selling pressure because retail investors have never bought at 90,000 to 100,000, and there are no trapped positions; it's all the major player's own trading volume.