$RIVER ‌#Gate广场四月发帖挑战 From 0.6 all the way up to 86, then from 86 down to the current level, there is still a market cap of 600 million. On-chain analysis of several flagged whale addresses suggests they are likely market makers—one holding $60 million in spot, and a few holding between $10 million and $30 million. Over the past ten days, they have been selling in batches. Combining the net inflow of contract short positions across the entire network with net outflows of spot holdings on other exchanges, it appears the market maker is increasing short positions while selling spot, achieving multiple profit steps. The current price is still high, and there is still significant room for decline!!!