My friends who trade $RIVER have been going crazy these past few days. Every time they think it's finally over and the market is about to crash, they short it only to get stopped out and pay hefty funding fees. Looking at yesterday's data, the contract trading volume is terrifying. Binance alone had $1.27 billion, and the entire market exceeded $3 billion, ranking 5th globally on Coinglass. Usually, strong stocks would manipulate the market and then it'd be time for the big players to unload their positions and cash out. This thing keeps going back and forth, especially when it's pumping, it's really frustrating when the big players are calling out trades. I've seen some foreigners saying that River will rise faster than Jesus resurrected! 😂 Many people know that the token concentration was already very high after the points redemption issue, but why are there still so many people shorting it every time? (For example, even now that it's down to 21, the fee rate is still -0.127% per hour). Currently, one-off bursts risk being flagged by Binance and having funds locked. It's quite lucrative for market makers to profit as long as there's constant competition, and the more they manipulate the market, the more players join in. It seems like smaller altcoin market makers should learn from @RiverdotInc. There are quite a few shell companies with high concentration of tokens on Binance, but why is Riverdot so successful? @River4fun's operations and his efforts to connect with European and American players through experienced traders are key factors. Don't rush to buy the dip now. Following the trend blindly is the easiest way to get scammed. Wait for the trend to reverse before chasing the market makers and profiting from short squeezes; the risk-reward ratio is much better.
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