$LAB I’ve watched this coin for a few months. It’s currently the most ruthless market maker: when others get chopped once, it chops in three waves. This time again, it’s a pump from a low position. Then it goes into sideways trading, followed by a low (negative) funding rate to lure in another wave of short-term retail traders looking for a short. Once the short positions have built up enough, it starts creeping higher—then the funding rate turns higher. That slow grind upward keeps squeezing the shorts. It cuts one wave first, then comes another big, violent rally. A liquidation wave hits the shorts. In the dead of night, when the short positions are at their lowest, the market maker opens a large short—then it slams the sell-off hard. Anyone trying to short can’t get in, while longs get liquidated instead. After that, it consolidates and people watch from the sidelines, judging the long-to-short ratio among the retail traders to decide the next direction. The same scheme repeats year after year; every year someone falls into the trap, and everyone thinks they can escape. In the end, they all end up losing money.

I used to think I was the one who could get out in time—the lucky one. But after losing once, you realize that no matter whether you go long or short, you’ll never beat a coin that’s been completely controlled by someone 100%. Once you touch it, you’re already the green-onion trader—sitting at the slaughter table.