In recent days, An An has been trading a lot of coins that are rising against the trend, causing many people to get liquidated in long positions. Here’s a reminder: if you see a coin tagged with "Binance Spot Trading Alliance", do not touch it! The event ends on July 7th!
This event has been ongoing for a month. When the market was rising, they didn’t step in to lead the trend, but now that the market is falling, the market makers, alliances, and event organizers have joined forces to target retail investors and short against the trend!
When the market was rising, you didn’t come out to lead the trend, and the alpha didn’t create a wealth effect to attract on-chain players. Instead, now you come out to show off, treating all secondary players outside the circle as opponents to maliciously harvest. I have to say, it’s quite an ugly display!
