Awesome, very professional, the schemes and tricks of the dog farm have been exposed by you!

$KAITO Let's review today's trend, the manipulator was too clever: First, it pulled from 1.9 to 2.1 and consolidated to induce long and short positions to enter, then it pulled to 2.2 and consolidated, trapping the short positions from 1.9 to 2.1, at this time the funding rate was still not high. Then in the afternoon, the manipulator pulled it to 2.3, and the funding rate skyrocketed. I felt something was off; it should be that the manipulator opened significant short positions, otherwise there wouldn't be news or calls from social media encouraging retail investors to short, it couldn't have surged the funding rate like that. The high funding rate and price increase also tempted a large number of retail investors to enter long positions. Finally, the manipulator quickly pulled it to 2.4, triggering a bunch of short positions below, and then quickly dropped to trap the long positions, causing them to be liquidated. The manipulator profited from the short positions and the funding rate dropped. Why 2.4? The day before yesterday, most people's holding costs and the long positions' entry prices were also between 2.4 and 2.5. If it was pulled above 2.4, then the long positions between 2.4 and 2.5 and spot would take the opportunity to break even, making it costly to pull up, so it only peaked at 2.4.