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MC T
### THEO: Why does it keep rising but rarely have a proper pullback?
I've been observing **THEO** recently, and an interesting phenomenon is:
**It rises quickly, but every pullback is very shallow.**
I think the core reason might not be "no one is selling," but that the current market structure is:
**Few early holders → holders reluctant to sell → new funds continuously entering → pullbacks quickly absorbed**
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