$PIPPIN The short-selling brothers still holding on this coin can try to complain to the exchange about its short-term volatility being too large, prompting the exchange to impose position limits. Once the exchange imposes position limits, the market makers will find it difficult to use the funds in their original accounts to increase their positions. If they want to use their secondary accounts to pump the price, they will need to transfer funds from their original accounts. The dispersal of funds will pose a risk of a chain liquidation, making it very hard to push the price up again.
$TRADOOR The market environment is too poor. It is evident that the dealer has attempted to sell several times but has not been successful. Each time there is a crash-like decline. He still needs to pull the market back to avoid a real crash. Everyone should place sell orders high; he definitely wants to trigger ADL, otherwise he won't be able to close the position.
The reason why $PIPPIN is pulling so much is that the market environment is too poor. BTC and ETH have buried the bulls, so naturally no one is coming to take over the position. The inside players don't even dare to offload and have to take other people's chips because now a major drop will inevitably trigger a sell-off. For the players who don't want to give up such huge profits, they only have one choice, which is to forcefully pull the price up to trigger ADL to balance their positions. However, there are quite a few shorts targeting this coin. After all, it's understandable that the player's exit route is only that one. The higher the price goes, the more shorts are placed. The current question is how much money the player still has to use for pulling the price up. If they exhaust their funds and can't pull to trigger the ADL position, then they will be stuck at the peak. Even if they leveraged to pull the price up, a sudden dump from the shorts could lead to liquidation.
$TRADOOR He can draw this kind of line, what else can I say? I sent him the money. I suggest if Zhuang is short on cash next time, he can just send a UID and I'll directly give him some. Stop performing acrobatics here.
$PIPPIN I am also a quirky person, I was originally thinking of opening a grid to take a bite of high volatility, a 7.2u grid can lose 170u I am truly a god.
$PIPPIN There is one thing I haven't understood. This coin has maintained such high volatility for two weeks now, right? Binance hasn't imposed any position limits so far. In the past, coins with such high volatility were at least restricted to 50x leverage first, so has the rule changed now?
$BANANAS31 The long-short ratio is about the same. It's surprising that going short has resulted in such a small loss. Is everyone just entering short positions?