The operator of this coin $XNY is very disgusting. They opened a large short position and then used a 'boiling frog' strategy to exhaust the bulls. Why? Because there have been several times of price increases before, creating a smokescreen for the bulls, making them think there would be a rebound. At the same time, the drop in coin price has also led some spot holders to sell at a low price due to lack of confidence. The operator has already collected at least about 90% of the coins at a low price. If the bulls cannot kill off enough, they will continue to lower the price to collect more. After the bulls are wiped out, they will violently drive up the price to eliminate the bears. Because there is very little spot supply circulating in the market, with most in the operator's hands, it is easy for the operator to drive up the price, and after the increase, they can slowly offload, achieving a 'one fish, three eats' goal.
Operator's strategy:
1. Exhaust the bulls and collect currency at low prices.
2. Turn the guns around and target the bears.
3. Drive up the price to offload.
4. Cash out and leave.