#BTC Siren has surged again; it hit a low of 0.033, then reached 4.8—up 145 times. It later returned to 0.13, with a drop of 37 times. It’s now at 2 again, and this dramatic scene has been becoming more and more common among niche assets. What’s the same is that the largest single holding makes up 66%; for example RAVE, STO’s largest holding, etc. In all cases, the largest holder accounts for more than two-thirds of the total holdings across the entire network. There’s no technical structure to speak of. When it reaches the market maker’s expectation, it’s time to dump—but no one knows where the market maker’s expectations are, how high it can go, when the dumping will start, or whether it can recover after the dump. All of that is unknown, and it’s precisely this uncertainty that’s the most terrifying. Far less than Bitcoin and other mainstream coins—at least they have structural support and information that’s more openly disclosed. Although they don’t have the same kind of volatility as niche assets, their stability is the highest.