Look at the difference between the spot circulation and the contract quantity. If it were really a bull market, the spot trading would have already started.

Why are there so many idiots in the square? He only has 230,000 U in this position, how could he possibly be related to the big players? Just casually open the chart for $PIPPIN and look at the one-minute candlestick; the transaction volume within a minute can reach 10 million U, and at times it can be as low as 1 million U. By the end of the day, the trading volume is 1.772 billion, not counting the other exchanges. What's the difference between his 200,000 U and an ant? It's just luck. There are so many whales on both the long and short sides; by your reasoning, they are all big players.