How many of you got your accounts wiped out by this coin $IRYS ? Sorry to hear that, but this one has clearly shown just how manipulative this crypto game is. I was a victim too, but I only got stopped out and lost a damn $1.5k.
Even though it looks like the upward momentum has run out, when you control almost the entire supply, anything is possible. Over the past 24 hours, SHORT liquidity has been more than 7 times LONG liquidity. It’d be a waste not to liquidate them. The same goes for $MAGMA : it’ll push the price until all the futures positions are wiped out, and mainly shake everyone out of spot, before it finally returns to its true value range.
$BIRB is following a similar pattern, and funding is heavily negative, so anyone shorting it should be careful.
Even though it looks like the upward momentum has run out, when you control almost the entire supply, anything is possible. Over the past 24 hours, SHORT liquidity has been more than 7 times LONG liquidity. It’d be a waste not to liquidate them. The same goes for $MAGMA : it’ll push the price until all the futures positions are wiped out, and mainly shake everyone out of spot, before it finally returns to its true value range.
$BIRB is following a similar pattern, and funding is heavily negative, so anyone shorting it should be careful.