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$LAB Is the King of Weird Coins about to fall?
I don't think so.
This wave of sharp decline was accompanied throughout by high funding rates.
Simply put: long positions have to pay high fees to shorts.
This market characteristic is not at all the pattern of a market maker selling off at a high position.
It looks more like the market maker deliberately dumping to induce shorts, taking the opportunity to clear market chips and achieve a long-short double kill.
Sweeping away trend-following retail investors, harvesting chips from both long and short retail investors,
Only then can they obtain more sufficient rally chips to prepare for the next round of price increases.
Right now, it's just a shakeout and trap, not the end of the market. $0G $FHE