$PIPPIN Today@神秘小K线 K General Manager, this matter has caused quite a stir. Thank you very much to General Manager K for sending the 10u pig's trotter rice.

Currently, General Manager K's loss should be over 6 million u, and this order on Binance should rank quite high; previously, George was taken away for 3.4 million.

This kind of altcoin operator uses a vacuum zone to pump, mainly trapping short positions and consuming fees, which is considered a rather nasty trading tactic in contracts.

For example, in the first chart: there is a dense trading area/stop loss/liquidation point at 0.56, so the area between 0.56 and 0.44 is considered a vacuum zone.

Explosion point 1: The dog trader places a large short order at 0.57 while simultaneously placing a 0.35 order at another exchange. Completing these two steps requires very little money to push the price to 0.57, then their own short position will absorb the liquidity and then directly push it down to 0.35, because now between 0.44 and 0.56 there is not much liquidity, it can be pushed up quickly in one minute.

There is also not much liquidity between 0.44 and 0.35, both sides consume, and they can't eat you. For example, with a single order like General Manager K's, the fees can make you feel nauseous.

My personal suggestion: General Manager K does not lack money and can close half around 0.35 (now switch to another account to open a short position near 0.5, leverage fully). If there is spot, directly smash the spot without considering the cost. This kind of trader holds at most 10-20 million; they definitely don’t have as much money as General Manager K.