Delisting Coin Reflection

Recently, $BAKE and $HIFI have both surged 5-10 times.

Analysis of the surge reasons: The attention gained from delisting + improvement in external liquidity + the contract is still active, giving the operators a huge room for maneuver. As long as the operators still hold some coins, if this wave isn't handled well, the focus after the bake is insufficient.

Analysis of how delisting reduces operational costs: The sell-off from delisting also gives the operators a chance to buy back chips. The certainty of shorting with silly money also provides a source of profit for the operators, as they don't have to meet various constraints from Binance.

Analysis of the long-short logic: Before baking, it surged 5 times; HIFI surged 10 times from last night to this morning, with the rates being positive. This indicates that there are actually more people going long. In the past, when it surged several times, the rates had already turned negative; now, there aren't as many people shorting, making it difficult for a short squeeze to occur. It's very easy for a continuous flow to happen, where the proportion of shorts is less than the proportion of longs. However, there are still people shorting. Additionally, after the operators push the price up, some will chase the rise and then sell down to crash the price.

It’s likely just a continuous flow; the operators will offload and abandon the coins. Of course, as you said, there is also a certain probability of that happening. It could happen repeatedly as well, but I think the probability is lower due to the diminishing retail sentiment. If a short squeeze happens, it will be very strong. Eating the funding rate + short squeeze. This requires a price increase and maintenance.

The delisted coins, Llama was really impressive at that time. Everyone thought it would drop after such a big rise, so many people went short. Then it turned out well for Llama, which seemed to have surged over 100 times. However, everyone also has memory; after Llama, people won't easily short delisted coins anymore.

Then for the alpha token, MYX was the first to break into the mainstream, surging several hundred times, and everyone also thinks it will definitely drop as the valuation is too high. So, there are many people shorting; just be patient, we already have the muscle memory and understanding from two battles #BNB创新高 #币安HODLer空投ZKC