Many people say that the market maker will push the price up and won't give up so easily. The market maker isn't stupid—if the market is so large and the volume so heavy, pushing the price up costs nothing? Now that it's consolidating sideways and not costing much to maintain, many are still hoping to get the last bit of profit and are eager to buy in. As soon as Bitcoin drops, once the gate is opened by the market maker, a large number of people get trapped. Contract short fees are so heavy, and with settlements every hour, most people can't hold on and will have already run away. Now that it's consolidating at high levels, even if the market maker pushes the price up, it's only 5-10%. Who has the ability to fully eat up this entire range? Most people should just stop dreaming and watch the show. Wishing everyone good health and may you have a prosperous year!

SIREN2.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin