The trend of this cryptocurrency #LAYER is nothing short of magical! How many people have watched it soar wildly, breaking through the 3.4 level like a hot knife through butter. Just as the market was in a frenzy, the well-known contract trader Liangxi went against the trend, openly shorting this strong-controlled currency that even Bitcoin finds hard to shake.
The result was predictable— the big players would not hold back! First, they gave the shorts a little taste of success, and when Liangxi increased his position, the market immediately reversed, blowing up the stop-loss line. More dramatically, as Liangxi's shorting operation triggered retail investors to follow suit, the entire market dramatically plummeted by 30% yesterday, marking a stampede event caused by opinion leaders.
This battle between bulls and bears once again confirms: in the highly controlled altcoin market, betting against the big players is ultimately like licking blood off a knife. Liangxi will likely have to pay a hefty tuition for underestimating this time.
