Giggle a trap "Kill longs" (Long Squeeze)

Based on the overall picture from all the data (Whale Position, Funding Rate, Long/Short Ratio, and OI), I would like to summarize my final assessment of GIGGLE/USDT as follows. The current situation is not MM “letting” shorts profit, but a “Kill Long” trap (Long Squeeze) on a large scale. Below are the detailed arguments supporting this assertion:

1. The uneven battle: Real Sharks vs. “Paper” Sharks There is a huge contradiction between the actions of the two big players: * Whale (Whales - Smart Money): They are aggressively shorting. Their total short position amounts to 9.6M USDT, completely overwhelming the only 800k USDT of the longs. They are making significant profits and have control over the trend. * Top Trader (Big trader /Large crowd): Stubbornly going long. The Long/Short ratio by position (Accounts) is extremely high at ~2.9. This means that on average for every 1 short order, there are nearly 3 long orders struggling with losses. => Conclusion: MM and “Real Whale” are on the Short side. The group that is being trapped and slaughtered is the “Top Trader” group trying to catch the bottom.
2. Positive Funding Rate: “Death” signal for longs

• Funding Rate is currently 0.0050% (Dương).
• In a bearish trend ( the price has dropped nearly 5% ), the positive Funding Rate indicates that the crowd is still rushing in to catch the bottom ( longs ) a lot, accepting to pay fees for the Shorts.
• Consequence: MM has no reason to reverse the price upward at this time. They will continue to push the price down to both profit from the Short position and collect Funding fees from the Long side, while forcing the Longs to get liquidated.

3. The outflow of funds (OI Decrease + Price Decrease) * The Open Interest index (OI) is plummeting alongside the price.

• This confirms that the longs are being liquidated or forced to cut losses (Long Liquidation). There is no new capital being pumped in to support the price, only old capital is fleeing. The action script of Market Maker (MM) MM is playing the game “Sharpening a Dull Knife”: * Phase 1 (Currently): Maintain selling pressure to gradually decrease the price (bleed out). The goal is to erode the accounts of the longs that are holding losses through Funding fees and fear psychology. * Phase 2 (Liquidity Sweep): When the endurance of the Longs reaches its limit (or when the Funding Rate starts to drop sharply), MM may create a long red candle (Flash Dump)to wipe out Stoploss and liquidate the last stubborn Long positions of the Top Trader group. * Phase 3 (Reversal): Only when the Funding Rate turns Negative ( and the amount of shorts from the crowd skyrockets )then the crowd will panic and chase shorts (, MM will close shorts for profit and start accumulating to push the price up. Action advice for the doctor * Short Side: If you have a short position like a Whale, continue to hold )Hold( but move the stop loss up )Trailing Stop( because the Whale can take profits at any time. * Long Side )Buy the dip(: ABSOLUTELY NOT. * Don't be fooled by the falling prices thinking they are cheap. With the number of Top Traders holding positions like an army )Ratio 2.9(, the price will continue to be suppressed until this group “vomits” all their holdings. * Only consider going long when: The Long/Short ratio decreases to a balanced level of )1:1 or lower ( and the Funding Rate turns negative. In summary: On the surface, it seems that MM is going short, but in reality, MM is leading the shorts to hunt the longs.