PNUT Market Insight: The ever-changing situation under the operation of the market maker

Recently, there has been a lot of hidden activity in the PNUT market, with mixed feelings of joy and worry. The good news is that the market maker is still actively operating in it, and various signs indicate that it seems to be silently laying the groundwork for the next strong rally, which has many investors hopeful and looking forward to catching this wealth express.

However, the bad news is also not to be underestimated. Market makers are adopting the "boiling frog" strategy, quietly shorting and closing long positions. They deliberately create needle-inserting market conditions during trading hours, enticing retail investors to follow suit. After each needle insertion, they briefly support the market with a small amount of long positions, creating a false rebound to attract more retail investors to enter the market, and then turn around to short and close long positions, curbing the intention of retail investors to drive up prices and gradually washing out the floating shares. Now, as the market fluctuates downward and prices frequently decline slightly, retail investors are in agony, and feelings of despair are growing stronger.

From the market perspective, altcoins have shown signs of an independent trend. In my opinion, after the deep washout in December, altcoins are likely to usher in their shining moment next January - Altseason. Although it is tough now, enduring the winter may lead to embracing the spring, it all depends on who can hold on till the end.
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