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$LAYER Added to the short—got in on the short! It only surged 110% before it blew up to less than $3 million, and even the long side blew up by $1 million! There was basically nobody shorting it; once the fees were maxed out, everyone was afraid they’d get their fees “eaten” (charged/absorbed)!
But judging from the fee trend, after it was maxed out it immediately dropped! The short positions piled up to $4.3 million, while the long side was only $1.7 million—but both sides are losing money. A typical market maker poking from both ends, eating on both sides; after the needles are in, it’s straight into a dump. I added to the short—quickly, get in on the short! #Gate广场五月交易分享