A few days ago, when the market crashed, the coin #MAGIC $MAGIC barely fell and rebounded particularly quickly. How should we analyze such coins?
Magic's capital accumulation is excellent. First, let's look at the spot and futures market; the main force has been accumulating positions for a long time, and the amount of accumulation is particularly large, accounting for 40% of the total market value. This means that 40% of the total market value's chips are held by the main force, which gives it the advantage of being resistant to declines. Following this line of thought, whenever there is unusual capital movement in the future, we can check its historical capital accumulation. The next time we encounter such highlighted coins, we can seize the opportunity in time.
I have been observing Magic for the past two to three days. The focus is not on whether I have bought it, but rather on sharing the analytical logic—how to catch such coins next time is actually not difficult at all. For example, during this recent crash, LTC also showed strong resilience, but its capital accumulation is actually average, making it harder to grab. However, as long as it does not fall during a big drop, it basically indicates that the main force intends to push the price up later. If there is capital support, the subsequent performance is very likely to outperform 90% of mainstream coins.
