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Alright, I really enjoyed watching this round of $RAVE .
Yesterday, the liquidation chart was right there, with little profit above 2.5, yet a bunch of brothers still stubbornly went short. Seeing this, the market maker immediately pushed it up to 3, blowing up all those short positions.
Things are even worse on the whale side—105 long whales, with a cost basis of 1.38, now floating a profit of 9 million US dollars, feeling very comfortable.
55 short whales, with a cost basis of 2.09, are so green with envy they look like they’ve seen a ghost.
There’s also a particularly funny data point: net selling is three times net buying, and after cutting, it just pulls back—classic script.
What’s the most outrageous?
This coin’s total market cap is only over 50 million, with 26 million long orders hidden at the bottom.
The market maker holds all low-priced positions, and now no one dares to short anymore. There are no opposing orders; they can only push and pull themselves.
We’re just here to watch the show.
But we need to stay alert—this kind of play usually involves pushing it near 3 first, stopping out those short positions (many set stops at 3), then smashing it back down.
Probably won’t smash before 12 o’clock; later at night, or they’ll keep it sideways while charging fees.