Dogecoin is now completely controlled by Musk, and the market's ups and downs depend entirely on his mood. You think you are participating in a cryptocurrency revolution, but in reality, this is a 'legitimate harvest'; retail investors are nothing but leeks.
Act One: The Crazy Roller Coaster Market
On March 12, Musk posted a dog emoji, and Dogecoin surged 30% within 30 minutes, causing the exchange to crash. The next day, the SEC announced an investigation into the exchange, and Dogecoin instantly plummeted 15%, losing $20 billion in market cap in one day. Not long after, Musk said 'SpaceX accepts Dogecoin payments,' and the price soared again by 40%. Now he holds 150 million Dogecoins and could cash out at high prices at any time.
Act Two: Musk's 'Scythe Triple Hit'
Manipulating Public Opinion: Musk has 200 million followers; just one tweet can turn the market upside down. One meme can cause a trillion-dollar market cap fluctuation.
Kidnapping Business: He desperately tries to get merchants to accept Dogecoin payments; on the surface, it's promoting cryptocurrency, but in reality, he wants to find a buyer for his 120 million Dogecoins.
Hedged Harvest: He shouts 'Dogecoin is humanity's best friend' while secretly hedging risks with short options to ensure he profits without loss.
Act Three: The Bloody Truth of the Market
Liquidity Trap: Dogecoin's daily trading volume is only $3 billion; if the big players casually throw out a $1 billion order, the price can drop by 30%.
Institutional Shorting: Bitcoin futures positions are at an all-time high, but no one is touching Dogecoin's derivatives market, making it like an abandoned 'orphan.'
Regulatory Risk: The SEC has already begun investigating Binance and Coinbase; Dogecoin is likely to be classified as 'securities,' and retail investors may face collective lawsuits.
Act Four: Signs of a Technical Collapse
RSI Overbought: Dogecoin has been overbought for 14 consecutive days, and a technical correction could explode at any time.
Funding Rate Trap: On the surface, the long leverage is not high, but once a crash occurs, it can trigger a chain liquidation.
Faith Collapse: The proportion of long-term holders plummeted from 42% to 28%, indicating that real investors have already fled.
Act Five: A Survival Guide for Retail Investors
Don't Touch Leverage: With 20x leverage, a 0.5% fluctuation can leave you with nothing.
Cash is King: Entering the market now is like picking up cigarette butts in a fire; it's better to hold cash and watch the show.
Keep an Eye on Musk: If his Twitter pin changes to another cryptocurrency, run quickly and don't hesitate.
Prepare for the Worst: Once the SEC investigation results come out, Dogecoin could be halved directly.
Lastly, let me say something heartfelt.
This is not a 'cryptocurrency revolution' at all, but a 'legitimate harvest' designed by Wall Street elites and tech giants together. They create FOMO through social media while laying traps in the derivatives market, waiting for retail investors to take over at high prices. In the eyes of the big players, your money is just cannon fodder in a numerical game.
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