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#MagicEden(ME)上市币安
Why did it 'waterfall' today?

Has anyone noticed that in the past few days, the price has plummeted sharply around five or six in the morning? Why does it choose this time?

I speculate that it might be the big players clearing the leverage of the bulls. Think about it, at this time in the morning, it's just getting light in Asia, and it's the middle of the night in Europe and America, where everyone is basically asleep. Who would be watching the market in real-time? The positions that get liquidated are usually far away, so the big players create a quick drop and then a rebound, not giving you any time to react or add positions. Even if you see it, you won't have time to act. This is the big players' tactic.

Now, they have achieved their goal, creating an illusion that the market will continue to fall.

Today, most people are shorting a certain coin, afraid that it will be like yesterday, giving you a little breathing room during the day and then harvesting again at night.

Overall, the big players' target has been achieved, mainly to clear leverage. Next, they may respond to changes next month. Now that they have reached their goal, I think there might be a rebound, but it's hard to say exactly when. The market isn't giving you time to observe trends; it suddenly rises or falls, catching you off guard. There shouldn't be any major movements today; I estimate that the big players need to give retail investors some time to catch their breath.

#加密市场回调
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