yes it can. place the bit in the centre of your palm and fold your fingers over it.... then twist the bit rings.
it might pinch you and it might not. the picture you are showing with the lozenge shape in the middle is probably not going to pinch, some of the flatter links can pinch.
my pony will not tolerate the french link , which is unusual and leaves me stumped because it is my favourite bit of all time......
i am fed up with the speed and the greed of the world around me but i have not found nor can i offer a cure