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#EDEN Market Analysis
For the past five days, Zhuang has been trying to push the price up for distribution (sell-off).
But
Retail spot deposits are low, and there are many follow-up long positions following the trades.
There are many follow-up short positions as well, and there are large traders holding shorts.
It’s necessary to trigger liquidation of some short positions in order to achieve a perfect distribution.
Do you all understand?