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Whose buying it?

$CN HEALTH TECH (01069.HK)$ what i cant seem to wrap my head around is whose buying it on this trend? Are thry trying to create liquidity by tanking the price to further manipulate us retail holders to sell at a huge loss for the next pump? Or are thise selling at a loss only selling to other retail traders who are trying to lower their average price per share? People are buying, but who?
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