1/ The claim that the drop in $SBET is due to hedge funds targeting it and AGP dumping 780 million on the 18th is completely nonsense: the main issue with SBET this week is the ATM issuance. From July 14 to 20, 3,761,110 shares were sold, raising approximately 96.6 million USD, all of which is the company selling its own shares, not some hedge fund shorting it. AGP only received a market-making service fee, and there is no obligation for "market support" in the public documents; the so-called "they are fighting with SBET" is purely a made-up story.
2/ "After the SSR is triggered, most quant funds have exited" is too absolute: SSR restricts some retail investors, but large institutions can still run Dark Pool trades and go long when the market rebounds. Don't treat this kind of absolutism as the sole logical pivot for judging market trends. In the next round of market activity, we will know by looking at the ETH price and the next ATM disclosure.
2/ What $SBET did after SSR was basically a ridiculous exit for quantitative trading:
SSR (Short Sale Restriction) does indeed limit some quantitative strategies, but:
• It won't cause all quant strategies to automatically retreat
• Many institutions can still trade through methods like Dark Pool
• Some will even quickly go long when prices rebound
This cannot be considered a logical pivot point for your market trend judgment.
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