$ETH If I were a market maker, what should I do?


1. Pump 200, 300, or dump 200, 300—none of it is any use; you can’t blow up a single one.
2. Keep pushing downward—the room is limited. Say it drops to 1200, and then a big player comes in to bottom-fish; that kind of big player can never blow up—it's a hard loss.
3. Upward, but there are still a lot of shorts left. Going up is also a hard loss.
4. There’s only one move left: trade sideways to look for an opening, give the short sellers a little taste. Hope the short sellers rush in all at once—I’ll pull it up a bit each time, trapping the shorts bit by bit; pull it up again to trap part of them. The ones trapped earlier will get tighter and tighter. One day, it will either blow up, or they’ll cut their losses.
ETH0.43%
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