Brothers, it's the 9th day of checking in on PNUT. I didn't check in yesterday because I was really tired of the drop and didn't want to look anymore. I had a good sleep, and when it dropped to 3100, I wanted to buy the dip, but unfortunately, I really had no bullets left. Then, at PNUT 0.6, I swapped one-third of my ACT 0.3 position. Let's see which of these two struggling brothers can outpace the other. I hope ACT rises first so I can swap back. I want to ask you all if you've cut your positions? It feels like a lot of vehicles have been cleared this time, but after such a big drop, confidence needs to be restored. The market makers crushing the market are desperate, and retail investors are completely stunned!
Squirrel's market maker is Wintermute. You can see that the trends of these three coins, NEIRO, ACT, and PNUT, are all the same—market sells off in advance, then picks up at key points, playing the high sell low buy game very well.
This market-making logic is the most ruthless. The enthusiasm of retail investors can be ignited in just four days, and bullish sentiment can sustain itself for up to six days. The real panic time for retail investors only takes three days. The last three days of decline break their psychological tolerance and clean out the market. Wintermute is truly a top player.
I'm not afraid of you making money; I'm afraid you won't come to play. I'm not afraid of you being bullish; I'm afraid you won't dare to throw your chips. Someone always has to look at my account. I won't post when Squirrel is below 1. I hope this rebound can last a bit longer. I feel it's unlikely for a second probe because the size of Bitcoin is too large now, and I don't want to give too many good opportunities for retail investors to hop on Bitcoin. It's just a fake move to clean up leverage. In this wave of decline, many altcoins and leverage have died, and there are quite a few panic sellers. After selling, the rebound is so fast that they don't dare to enter again, thinking of waiting for a pullback, only to be caught by the market makers.
Be patient and hold on. At least I think Squirrel's narrative is quite explosive, and since DOGE and PEPE dropped so hard yesterday, they've also come back, indicating that big funds are still quite focused on the MEME track.
DAY9
PNUT=0.7$
FDV=0.7B
