#RedSeptember #XRPBEAR

What is happening now lets explain-

1. Lowering the price in the spot market: Large traders (whales) first push the price down in the spot market. This causes small and medium traders to panic sell or face the risk of liquidation.

2. Opening long positions in the futures market: While lowering the price, they open large long positions in the futures market at low prices. Essentially, they are preparing to “buy low and sell high.”

3. Raising the price in the spot market: Then they buy in the spot market or use other strategies to push the price up. As the spot price rises, their long positions in the futures market automatically become profitable.

4. Profit in the futures market: Since the spot price increases, the futures price also rises (because many platforms reference the spot or fundamental price). As a result, large traders earn significant profits from their futures long positions.

In summary: By controlling the spot market, large traders can profit in the futures market through strategic long or short positions.