#数字资产市场观察 Recently saw an interesting point from Boss Jeff regarding the interpretation of the recent market trend of $MERL.

Many people say that the project team is dumping, but the actual data shows that spot trading hasn't really moved, while suddenly there are 60 million short positions appearing on the contract side. This is quite subtle—if they were really dumping, who would sell while placing buy orders to take their own goods? This doesn't make sense. A true dump should be about pushing prices down at any cost, rather than this organized hedging operation.

A couple of days ago, I placed buy orders of 2 million each at 0.2166 and 0.2133, and in the blink of an eye, they were all filled. The selling pressure in the market is indeed fierce, but the speed at which these orders were filled suggests that someone is precisely controlling the market behind the scenes.

In the end, the waters of the Web3 circle are too deep. Some organizations team up with a few unreliable opinion leaders, specifically targeting projects that perform well when the market is not good. This strategy is not new; they often lay out their positions in advance and launch their attacks when the timing is right. Ordinary retail investors only see price fluctuations, but the real game happening behind the scenes is the key.

There are no eternal winners in the market, but at least one must see clearly who is playing the game and who is the pawn.