Some observations on BEAT's recent market performance. The recent 24-hour decline of 20% looks alarming, but it may not indicate a trend reversal. From the perspective of the chip structure, circulating supply accounts for only 13.93%, and this ratio actually determines the future direction—supply is locked tightly, and once demand moves, it will inevitably cause an imbalance.

Looking at it from another angle, manipulating the market through dumping and wash trading is nothing new. The main force wants to acquire chips at low prices, so they need to scare out retail investors. Those who are now cutting losses are likely to recover at higher levels later. So this wave of correction might actually be the last chance to get in.

Of course, this is just market observation and does not constitute any trading advice.