$COW $COW This thing should follow the same trading model as the previous AGLD, with very low spot trading volume. Previously, AGLD had a daily spot trading volume of 5 million, but a contract trading volume of 200 million.

Now, COW has a spot trading volume of 9 million, but a contract trading volume of 50 million.

The funding rate is frighteningly high; the market maker can just hold the position and earn from the funding rate. If the long-short ratio is high, they will sell; if the long-short ratio is low, they will buy. The market maker profits from the funding rate of the long positions. If there is no trading volume in the spot market, they will just pretend to push it up a bit, but it won’t go too high, then it will drop back to lure in more longs, because only by keeping the price low can the longs open their positions. If the price goes too high, no longs will dare to enter. Think through this model clearly and then look back at the K-line; isn’t this the routine? Don’t say it can’t go up; hundreds of billions’ worth of assets can be pushed up, let alone your tens of millions’ worth.

This thing can only be played by the market maker if there is no trading volume, by shorting at highs; otherwise, too many people are opening longs at low positions, making it impossible to push it up.