A long-to-short ratio of 1 like this is relatively normal.

Sometimes when there are too many people going long on a copycat contract, it leads to a heavy head.

A heavy head makes it difficult for the market maker to push the price up, and the small market maker is DF.

This market maker's operations are quite unpleasant.

Earlier, I noticed that the long-to-short ratio was about 4 to 1.

So the market maker is likely to wash, so it doesn’t rule out the possibility of continued washing for another month or two.

I have been reminding not to trade contracts, but there are still quite a few going long on contracts.

From the market perspective, we can see that at 0.0023, the market maker had the intention to push up, but the head was too heavy, which led to a direct dump.

First, it broke the first resistance level at 21 in four hours, then reached 23, and then broke the first support level at 16 down to 14.

In other words, within a day or two, both the support and resistance levels were broken, so this ratio is not recommended for contract trading.

I am still holding on to the spot and will post when I offload, but do not trade contracts based on this ratio.

The original plan was for one week, but it may need to be extended to one month; if there are any changes in positions, I will remind everyone in a post.

Moreover, coins with higher participation from retail investors generally do not push up well. Coins launched on Binance around the same time, like babydoge and turbo, which have fewer holders, can be pushed up more smoothly by the market maker. Therefore, I will not mention it before getting off, and not mentioning it means continuing to hold; I will post when offloading.

With a market cap of 690 million, this is considered a low market cap in meme coins on Binance, resulting in many retail investors going long after a drop. However, it is clear that it is difficult for the market maker to push it up directly under these circumstances, so further washing is expected for a while.