42894627378 This morning got stuck at $0.77 playing "Yin Yang Pan", the five-minute candlestick is like a dog dealer slaughterhouse – above $0.83, there is a massive sell order of 17,000 pieces ($130 million) welded in place, Wintermute pulled its support order at $0.71 4 times in 8 minutes. In the early morning spike to $0.63, it blew up $5.5 million in short positions and immediately pulled back, the funding rate skyrocketed to -3.1%/4 hours, and shorts were paying 0.75% interest every hour, this scythe swings harder than a chainsaw.
The technical side has formed a "gravestone doji + dark cloud cover" double kill pattern, MACD volume bars shrank to a hair's breadth, and RSI plummeted from 81 to 37. The key support at $0.66 has been broken four times in three days, every time it drops to $0.63, a new address buys 1.8 million pieces, and then all goes into Binance addresses – creating a false appearance of "institutional buying."
On-chain explosion in three consecutive rounds
The project party unlocked 750,000 LAYER to Wintermute; the top ten addresses control 32%, with $110 million in short liquidation positions lurking at $0.8-$0.83; the South Korean Financial Commission issued a risk warning in the early morning, and the dog dealer countered with a rumor of "Coinbase listing" to pump it up by $3 million.
Survival rules
1. Dog dealer control is 87%, with three layers of double explosion buried at $0.75-$0.83;
2. To break through $0.83, a single hour needs $5 million in spot buying (current peak is $2.3 million);
3. A spike breaking $0.6 must wait for the whales to stop transferring coins to exchanges (daily average transfer out is 450,000 pieces).
Now is not the time to gamble for your life – regulatory black swan, market makers withdrawing ladders, and project parties unlocking three mountains pressing down, surviving is the hard truth.
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