RAVE control coin is indeed difficult to handle, the only certain outcome is that the final result will be zero, and the process is dictated by the market maker. After the first round of selling this morning, I believe that if a second round of selling is to occur, the price should be pulled back above 10 again, and theoretically, a qualified market maker would not only sell once. Currently, the market is being pushed up quickly this afternoon, which has been verified immediately.

For the third average price increase, in order to compensate for the mistake of opening a short position at 1.4, I had to increase my position at 11.7. Fortunately, my judgment was correct; using the pressure at high levels, I then reduced my position at 11.1 to avoid heavy capital pressure. Now, although the price has been pulled back and I am temporarily trapped again, I have already offset the loss and halved my position.

Actually, it’s quite risky. If my judgment to increase at 11.7 was wrong, it could have led to a chain of mistakes. Its purpose was to compensate for the early short opening at 1.4, but it directly violated the trading discipline that control coins should not be heavily re-accumulated easily. Therefore, when the price dropped to 10.90 in a short period, I immediately closed and reduced my position without hesitation. After halving, the final forced closing price was pushed from 50 to over 100. This round of wave adjustment also aligns with a position management rule where the capital share of altcoins does not exceed 10%.

However, I will not declare victory prematurely, because before hitting zero, I am still in the game. The current key point is whether the market maker can attract a large volume of short orders again. If successful, he can control the funding rate at a negative 2%/1h fee. If that happens, I will change my strategy again.
In the past eight hours, the on-chain data shows that one-third of the positions have been reduced, and I don’t know which large short traders were eaten by the market maker. Without enough short positions, even if the market maker wants to adjust the funding rate, it will be limited by rules. The market maker should return to around 8 and range sideways to induce shorts. So I believe I am still quite safe. $RAVE