$STEEM This is an obvious "contract coin". The market maker earns profits through contracts, with a circulation/market value of 600%

1. Open long positions in contracts, with huge price increases realized yesterday by flipping positions back and forth.

2. Start building short positions in the first supply zone, followed by top distribution and a "doomsday rush to buy", which leads to a decline.

Such market makers are relatively weak, lacking the ability to build up the ecosystem and the courage to maintain the coin price in the long term. It is suitable for short-term arbitrage or enjoying funding rates, but not for long-term holdings.