$牛来 This market maker really knows how to play.

When the contract announcement came out, I thought—following the normal playbook—there should be some initial shuffling, then a gradual push to the next level. But after the contract was listed, I noticed the open interest was increasing slowly, all long positions, and the funding rate was still positive. How could retail traders be this impulsive? It was obvious the market maker was laying out orders.

Then the market maker first pumped a wave, ate up the short positions, and then dropped it—so they profited from both sides, cleanly taking everything.

This kind of setup doesn’t even require tight market control. With enough retail traders and enough buzz around the topic, it’s actually the easiest way to make a huge amount of money.