何不惑

$AUCTION

AUCTION/USDT perpetual contract of this coin, the market maker maliciously manipulates the line, which completely does not conform to market logic, seriously affecting the principles of fairness and justice in the cryptocurrency circle, and severely impacting the ecology of the cryptocurrency space. We urge the relevant departments of the platform to immediately launch an investigation to restore fairness to the cryptocurrency community. Our Magic City community has already provided feedback to the Binance platform customer service, who provided an exclusive link and submitted the information. At the same time, we call on all cryptocurrency friends in the Magic City community to jointly provide feedback, so that the platform realizes the malicious behavior of this market maker and handles it as soon as possible to restore fairness to the cryptocurrency community!

$AUCTION Is this a dance party?

[Hyperliquid 50x Bro] Now he has fully shorted BTC, and this position is his largest one yet, reaching up to $520 million...
40x shorted 6210 BTC (position value $520 million), cost price $83898, liquidation price $85561.
He transferred a total of 16.75 million USDC into Hyperliquid as margin for this position. This is all the funds in his address (a few million U in principal + over ten million U in profits from the past month).

Yesterday, after he closed about 500 BTC of short positions using the TWAP strategy, he stopped.
He also closed the two small long positions in MELANIA and HYPE, both of which incurred slight losses.
Then he re-entered a short position in BTC.

Address: 0xf3f496c9486be5924a93d67e98298733bb47057c

[Withdrew 2 million AUCTION (26% of total) from Binance by a giant whale/institution] Transferred another 220,000 AUCTION ($7.18M) to Binance 10 minutes ago.

They withdrew these 2 million AUCTION using 4 addresses, with 500,000 AUCTION each. Currently, the 500,000 AUCTION from the earliest address that withdrew AUCTION has been transferred to Binance in the last 5 hours. The AUCTION price has also pulled back from $35 to the current $32.

They currently have 3 addresses holding 1.5 million AUCTION.
0xEF8Ca93cBaA3F67525c18feaF7082A247B66155B (already transferred to Binance)
0xAd2E7CeB5cE3C4FD0AbD3c0d6a39646C52644403 (500,000 AUCTION)
0x02a16EB459fb61d1d127ADBCbfB5575F346d052f (500,000 AUCTION)
0xEc17Da400f7e23Cc6081A53d488189Ad6C4fa09c (500,000 AUCTION)

$AUCTION coins have flowed into the exchange, what does this mean? Those who understand, understand!

Is there anyone big holding the order for $AUCTION ?

#AUCTION This coin is completely controlled by the dog fund. This trend reminds me of the previous ZEN, almost identical, perhaps done by the same group of people. I will discuss the future scenario from three perspectives: chip distribution / estimated liquidation / funding rate, and we'll see if it plays out this way.

Chip Distribution:
This is the weekly chip situation, it is now at 35, going further up, the next resistance is 40, the highest is 48. Given that almost all chips are in the hands of the dog fund, although from the chip perspective it is clear that they are gradually distributing some chips to retail investors, most of the bottom chips are still with them. If they want to further distribute chips for selling, they will inevitably need to push up to entice more buyers; 40-48 is possible.

Estimated Liquidation:
It can be seen that going up to the position of 40, the contract can explode up to 4.8 million, and the main force has almost no opposing orders. However, if it crashes down to around 16, it can explode 45 million opposing orders.

Funding Rate:
It has already been reduced from the previous -1% to about -0.09% now, which means there are significantly fewer short positions. Some short positions have been liquidated, while others have been scared off, and those who open long positions have increased significantly. This is actually the dog fund gradually cultivating opposing orders.

If you look at the trend of ZEN last year, it is actually almost the same, continuously and steadily pushing up, surpassing the significant chip pressure level above, and basically about to reverse, especially the behavior of accelerating to attract market attention is all just to sell off. Therefore, there is a high probability of another acceleration spike before reversing, but do not chase high; just wait for the main force to sell off and crash the market.
$AUCTION

Is it really that simple for the auction dog? Let everyone share a piece of the pie, without even putting on a show?

$AUCTION Small Empty One Handle

$AUCTION Families, half of this coin's trading volume is on Korean exchanges, which is twice that of Binance. Investigate its order book, and you can see that there are always huge buy orders (red) from market makers hanging at several price levels below the market price, so the depth chart on the right always has significant gaps. This situation exists on Binance and OKX as well. Because market makers want to take profits from more than just Koreans, but Koreans are the most aggressive in chasing uptrends and cutting losses.\\\\\\ Now all short positions will be taken by market makers, and you will never catch the top until the market maker wants to unload, or the long positions no longer have new opponents.\\\\\ The best approach is to wait for a signal of increased selling volume on the right before shorting; don't worry about missing out; if this coin is going to drop, it will drop for a long time until it creates a new low 🙈#美股大跌

Although the ending is a bit dramatic, overall it is not very bad. Firstly, the U.S. President has confirmed the status of #Bitcoin as a strategic reserve, and secondly, it has been determined that the U.S. will establish a cryptocurrency reserve, using seized assets as the primary source. Furthermore, previous regulatory stances on cryptocurrencies have been denied. Overall, it is inevitable that cryptocurrency regulation will become more lenient since Trump took office.

Then Trump also expressed that the Treasury and Commerce Departments are exploring new ways to increase Bitcoin reserves, and he has repeatedly mentioned that the U.S. aims to become a major player in BTC and cryptocurrencies. Therefore, from this perspective, the U.S.'s friendliness towards cryptocurrencies is beyond doubt, officially ending the Biden era's 'Stifling Action' 2.0!

The Treasury Secretary, as expected, expressed research on stablecoin systems. He stated that the U.S. will continue to maintain the dollar as the dominant reserve currency and will use stablecoins to achieve this goal. Stablecoins will inevitably be an important part of the U.S. cryptocurrency strategy.

'Never sell your Bitcoin' - Donald Trump, the 47th President of the United States.

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