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Futures
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CandyDrop
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Launchpool
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Alpha Points
NEW
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Customized asset management to grow your digital assets
Quant Fund
Top asset management team helps you profit without hassle
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HOT
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Regarding the recent market movement of $BEAT, can the revenue from holding coins cover the losses for my frens?
This wave of decline has indeed continued, and many people believe that the market makers have made a fortune. With a market capitalization of 3.4 billion, to be honest, a drop to a scale of 30 million wouldn't seem surprising. But from another perspective, so many people are doing swing trades, and just before exiting, they can still benefit from the market makers' big sell-off, which presents plenty of opportunities for short-term traders.
If a market cap of 3.4 billion were to crash, the impact would indeed be worth paying attention to. Short-term participants are looking for rebound opportunities at these types of pullback nodes.