$PIPPIN
is a typical example!
From January 24, 205, it went online at 0.164, all the way down to 0.0094 on April 9,
entering the accumulation phase, it remained flat until October 22 before it started!
Until yesterday, reaching a new high of 0.34832U, the current market value has reached 324 million!
Look how patient the market makers are!
Ten months! Not to mention contracts, even spot can't hold for this long!
Now let's see its operation after the launch!
Every day is just a spike!
It's really testing people's patience!
And the market makers have money, and they're patient!
Both bulls and bears have positions, charging you a funding fee every hour!
If you use high leverage, I'll liquidate your position; if your leverage is low, I'll take your funding fee!
Unless you run away with profits, otherwise, everything will be taken by the market makers!
This is no longer a trading strategy issue!
It's about how you open contracts; in the end, you will be harvested by the market makers!
Only buying spot won't! The premise is that you have to hold on to it!
Just now, the ratio of long to short positions in contracts reached 0.31, with 76% of accounts shorting!
Isn't this enough of a counterparty!
The market makers don't even need to pump the price; they can just sit here and eat the funding fees until they're full!
$PIPPIN
