💪 The market maker holds a large amount in the red box (Net long) priced at 0.1-0.23$ , approximately 100 million $MYX with an average price around 0.15$ (~ 15 million dollars).
👉 The total supply of this futures market is set at around 160 million, which is equal to the total circulating coins. Therefore, you won't find the amount Binance is holding on bscscan.
👉 The peak has decreased nearly 10 million coins and is still gradually being released at a price of $1.5. Slowly releasing to prevent a sharp price drop.
💵 The capital can be considered sufficient + additional funding fees for shorting coins in recent days.
💸 Sell the long position as high as possible!
💸 Real coins should be sold on dex + other exchanges at high prices according to how much Binance's pricing allows!!! Waiting for Binance to go up spot to deposit coins for further selling!
🧮 Only the market makers know what calculations they are making; it’s hard to guess.
P/S: All these parameters are available on coinglass; seeing the whole picture makes it a bit easier to play!