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#加密生态动态追踪 LUNA and LUNA2's recent daily contract trading volume surged to nearly $2 billion, with negative funding rates pushed to the extreme, and short positions piled up high. But there's an interesting twist behind this—the main force is playing a reverse short squeeze.
Why? Because tomorrow there is a key event: Do Kwon's sentencing announcement. The prosecution demands 12 years, while the defense seeks 5 years. This 7-year gap has directly become a "volatility betting game" in the trading market.
LUNA has long lost its fundamentals; this is a market consensus. This wave of rally is not about faith; frankly, it's a gamble. The market has already shifted to a new group of participants: retail investors who were previously trapped and have mostly exited, and now high-frequency trading teams, event arbitrage funds, and players who make a living by sniping trash assets.
In their eyes, LUNA is not really a project, but an event derivative based on court rulings. Once the verdict is announced, the market is likely to end this way: if the sentence is heavy, the fundamentals essentially zero out; if it's light, it becomes a "sell the news" scenario.
Do Kwon's life is being priced tomorrow, but the market has no time for sorrow—it's just another machine working to make money through volatility.
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To be honest, I don’t really care whether Do Kwon gets sentenced or not, I just want to see how many people get forced to explode tomorrow
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The carnival of junk assets, retail investors have already fled, now it’s just institutions taking each other’s profits
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A 2 billion trading volume, how many people are betting on the verdict? Crazy
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I’ve seen this reverse short squeeze tactic too many times, and in the end, it’s still the same saying: no matter how hard retail investors try, they can’t beat the main players
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Is anyone still trading that broken LUNA? I’m stunned
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As soon as the verdict is out, the market collapses, I don’t engage in such gambling
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Wait, what does it mean when the negative funding rate is pushed to the extreme? Will the shorts explode?
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Do Kwon’s valuation analogy is spot on, but the market still follows the same logic; no one cares about your life or death
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Anyway, I’m staying far away; arbitrage in such events is too risky
Really, just looking at the 2 billion trading volume moment, you can tell it's no longer about faith, just pure gambling
Do Kwon's sentencing is already priced in, the market is just waiting to capitalize on the volatility
Honestly, it's a bit desperate, turning court rulings into options by force
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Damn, the negative funding rate is so aggressive, the main players are really risking their lives to force a short squeeze
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Honestly, LUNA has long been a betting tool, no one cares about the project's survival
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Once the verdict is announced tomorrow, the shorts will be doomed, the reverse short squeeze is really impressive
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This is outrageous, the judge's ruling is like a pricing sheet, the market is crazy
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Retail investors have already run, right? Now it's just institutions fighting each other to harvest
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The 'sell the news' routine never gets old, rotating to collect the leeks
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Do Kwon's first half of life was making money with Luna, the second half was being priced by Luna, how ironic
The phrase "Life is being priced" is truly brilliant; the market is just so cold-blooded.
Retail investors have already fled, now it's all robots squeezing each other for profit.
A 2 billion trading volume just to wait for a verdict? That's crazy.
Such extreme negative funding rates will definitely lead to a liquidation feast tomorrow.
This high-frequency trading team really knows how to play, turning tragedy into a cash machine.
Once the verdict is announced, the market will be over—typical event-driven arbitrage.
I bet on a light sentence, then lost everything in the process—what a unlucky guy.
Junk coins with junk operations, LUNA will always be a legend.
Isn't this just betting on the judge's mood? That's hilarious.
Reverse short squeeze? I think it's just the last wave of retail investors being harvested.
Really laughable, LUNA has no fundamentals anymore and is still playing event arbitrage, retail investors have long since exited
Once the verdict is out, it’s basically over, either eating eggs or bread, this market is purely gambler logic
The reverse short squeeze technique is indeed effective, but it also carries high risks, see the true outcome tomorrow
These days, trading cryptocurrencies is all about trading news, fundamentals have long been pushed aside
Honestly, I don’t see where Do Kwon’s case can go up to, it’s just big funds screwing over retail investors
Let’s wait for the verdict, anyway this market won’t last much longer