To clear the long leverage, will it continue to fall?
But I think if altcoins fall further, the whales might suffer even more.
This reminds me of a term from playing League of Legends: exchanging blood.
It’s like you hit me once, I hit you back, and we see who feels more pain. If one side doesn’t back down, we keep exchanging hits until one side gives up.
If you’re afraid of pain and don’t dare to exchange hits with others, then others will keep pressing you and bullying you. But as long as you exchange once and let them know what pain feels like, they won’t dare to mess with you again.
Indeed, exchanging blood will definitely hurt, but the key is to make the other party hurt even more. Only then will they be honest and willingly be suppressed by you.
Whales exchanging blood with the bulls is to make those who are long feel pain, become afraid, and not dare to open positions casually anymore.
As for me, when I exchange blood with the whales, I dare to catch the bottom as they smash down, betting that there will be a new wave of market movement ahead!