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LTC at this position, the market maker has been continuously selling off. You guys are still rushing in, completely serving as liquidity for them. This is really outrageous—want to fight the market maker? You’d better ask yourself if you have the ability.
The market has been trending downward, yet the contracts are all filled with long positions. For such a coin, which smart market maker would not steer clear? Want to pump the price? They simply don’t have the strength. With a slight dip, the longs start to get liquidated, which is the usual script.
Interestingly, even when it drops to 20, there are still people going long, holding it as a "value coin." Long positions can never be fully exhausted; essentially, there are always people taking the other side. Always bullish, always waiting for the so-called "catch-up rally," this cycle seems endless.