$BMT Another day of letting my family down. As soon as I open a position, the price goes up; I close at 0.043, and then it drops. No matter which exchange I use, I still lose—it’s not the exchange’s fault. Wherever you trade altcoins, the market makers are watching the data and hunting traders. If I don’t close my position, I might get liquidated.
$IRYS Wait until you see a clear drop before shorting; don't short now. It definitely fell this morning. I still have 20,000 yuan I haven't used to buy yet, and I'm waiting, but I can't top up again.
$IRYS Those who can top up should do so now and wait for its final wick. In my experience, there's a high chance of a sharp drop before 8 a.m. This is an Asian coin, and once people in Asia wake up in the morning, selling pressure will be heavy. After seeing it rise fivefold, they'll take profits and sell. If the market maker can absorb the morning sell orders, it could surge again tomorrow. But there's not much chance the market maker will step in to buy in the morning, so there's a high chance of a sharp drop between 6 and 7 a.m. Beijing time.
$IRYS I haven't been able to top up. Alipay is also restricted to transfers of only 30,000 a day. This bird coin will drop before 8 a.m. It is listed on a Korean exchange, where futures trading isn't available—only spot trading. It's also the most popular coin on the Korean exchange by trading volume. There will be heavy selling pressure at daybreak, as Koreans take profits and exit.
$AGT Every time I close a large position, the price drops a few minutes later. I closed it at 12:02. There are too many scam coins on Binance, so I’m switching to OKX and deleting the app. Ever since Binance was fined 4 billion, it’s been doing all this: listing a new spot coin every few days and changing the funding fee interval to once an hour. A coin doesn’t even need to be listed on the spot market to be listed for futures trading. Binance was the first to switch to hourly funding fees and list futures without listing a coin on the spot market; the other exchanges could only follow. And then there was the 10.11 incident.
$SOL Yesterday, CZ reposted a comment saying it was amazing to see Solana advertising in China and even setting up offices. BNB Chain still can’t do that. Today, Solana’s Shanghai event was suspended, with law enforcement officers on site.
Really? Could it be photoshopped? I saw it on the timeline, but couldn’t find this account when I searched. If it’s real, I’ll take one last short and then step away for now. Don’t underestimate mainland Chinese users—if they can’t trade, they’ll all sell their Bitcoin, and it could drop by more than 20%.
At $BTW 18:55, the one-way open interest was 95 million. Now it’s only 3.5 million, and the trading volume over the past two hours was only 20 million. How was this 90-million position closed? This is way too fake.
$GTC The coins in this discovery zone have low market caps, and Binance is the only exchange offering futures contracts on them; all the other exchanges have delisted them. Every time I open a short, the price goes up, and as soon as I close it, it drops. You really shouldn't trade a contract listed on only one exchange.
$MAGIC One-hour trading volume is over 78 million, while the token's total market cap is 55 million. It's up 130%, yet total holdings are only 26 million. The 24-hour trading volume is 490 million—nine times the token's market cap. This coin has extremely heavy wash trading.
My withdrawals have been restricted, and I can’t send or receive payments. Is this restriction permanent? There’s no date for when it will be lifted. I asked the merchant, but they won’t provide any proof. The funds came from a transaction covered by a freeze-and-compensate guarantee, and he says his funds are fine.
$ONE has changed to a single-player coin. Don't look at Binance's price being low—it may go even lower. When many people go long on a single coin, it will drop. The prices on two exchanges are different.
$AKE saw someone else's long position closing price of 0.18 in the square, but the latest price was only 0.16, so I asked customer service if this order is real. Customer service transferred it to the relevant department, and they said their official price is what counts, but they didn't say this one is fake. So, are the big players in the square—who haven't opened real-account trading to post proofs—making tens of thousands of dollars to millions of dollars on every order all fake?
$AKE I missed one message: right now the funding fee is paid once every hour. Compared with usual, people who are shorting will be fewer, so there will be a better chance of a drop when there are fewer shorts. Once I get back to even, I’ll run.
$AKE Wait ten more minutes and ordering is fine. As soon as I went in, it just exploded. I lost over 4,000 on the guided trade, and over 2,000 on the contract.
$BNC BNC's short position you want to close can't be closed either. A 3200U is basically giving it to them. To get liquidated. The price differs from the stock price by more than 10%. You can only buy in, not sell out. The price has been continuously deviating. In the futures contract, they can control it however they want. Earlier, I saw in a group that a market maker only entered futures positions but didn’t enter any spot; after that, they claimed bankruptcy but still owed a huge amount of debt. The situation is like this: most of that coin was held by him in the form of spot funds; then he pulled the price up on-chain. He went long on the futures. At first he made money. Later, there was one time when he pumped the spot and the spot price rose, but the futures didn’t rise—instead it kept falling, and he kept adding to his futures position. The futures kept dropping, and once it was liquidated it exploded. The maximum price difference between spot and futures reached 150%. If you don’t have connections, when someone else controls the market-making, you end up going bankrupt, because futures can be controlled by others—not necessarily moving in sync with spot.