In the past few days, the friends around me who play with $RIVER have been driven a bit crazy. Every time it seems like the net is finally closing and they're going to be finished, they jump in short only to be pulled back up to stop-loss, and they end up paying a hefty funding fee.
I took a look at yesterday's data, and the contract trading volume is quite terrifying, with Binance alone at 1.27 billion, and the entire market exceeding 3 billion dollars, ranking 5th globally on Coinglass.
In the past, strong庄币 would have been ready to offload after some turmoil, but this thing keeps fluctuating, especially when the prices rise and the old black calls a trade, it's quite uncomfortable.
I see that some foreigners are already shouting that River is faster than Jesus's resurrection 😂😂
Actually, many people know that through the points redemption closure incident, the concentration of chips is already quite high, but I wonder why there are still so many people shorting every time (for example, now that it has dropped to 21, the rate is still -0.127% every hour).
Now, a one-time explosion still risks being controlled by Binance, with funds being locked. As long as there are always people gambling, the庄家 can make money, which is quite appealing, and the more it fluctuates, the more people play with it.
I feel that the current small altcoin庄家 should learn from @Riverdotinc .
There are actually quite a few shells with high chip concentration on Binance, but why can only River be played with? @River4fun's operation and connecting with European and American players through the old black is also a key point.
There’s no rush to bottom fish now; it's easiest to be deceived by blindly chasing trends. It’s better to wait for the trend to reverse and then follow the庄家 to eat the short squeeze with a better risk-reward ratio.