March 2, 2026, Pancake Day Intraday Analysis
Last week, Pancake experienced wide-range fluctuations overall, initially rallying to around 68,500, then pulling back for consolidation. The weekly line showed a slight increase, with significantly increased volatility.
Over the weekend into Monday, the US-Iran conflict suddenly escalated, and market risk aversion peaked. Pancake was first hit by panic selling, dropping to a low of $63,000, causing many high-leverage contracts to liquidate; then funds bought the dip, forming a V-shaped reversal. On the morning of March 2, it recovered to around $66
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