After 8:01, the BTC big dump began. It is December 1st in the United States, and the monthly chart is starting to be drawn.

$PIPPIN The sentiment to go long has risen, but unfortunately, I am currently increasing my Short Position.

$ALCH thinking. The price is in a downward movement, open interest remains unchanged, and active buying is greater than active selling.
Are retail investors actively buying in, and then market makers use quantitative strategies to lower the price, explaining why the main buyers are still in a fall? And with the open interest remaining unchanged, is it that the big players are transferring their long positions to retail investors?
Or, is it a downward movement to lure people in? The open interest should be increasing.
The time is too short, and the trend is not obvious. It's better to obse

$ARC Can everyone help me think, is this wave of ARC a Rebound or a reversal?
The current situation is that the open interest continues to decrease, and the number of short positions continues to decline, which means that the retail investors' short positions and the institutions' long positions are offsetting each other.
Subsequently, the market makers will continue to push the price up. Although some long positions will be relieved, market enthusiasm will increase, and new capital will enter. Alternatively, the market makers may continue to sell until they shift from long to short.

$ALCH 11-4 low point, 11-14 low point, 11-29 low point, three points in a line, rise trend line. 11-20 high point, 11-29 high point, decline trend line. Triangle convergence, here the bullish and bearish are unknown. Personally, I cautiously lean bullish, because I hold a bottom position.

$TRADOOR has been continuously pumping, without a significant fall, while too many bearish traders are holding on. It also controls the funding rate, further weakening the liquidation line for bearish traders.
It really relies on a small market capitalization, a small contract position, high market enthusiasm, and is not afraid of not having fresh blood to take over, still moving sideways...

$ALCH is lucky? The popularity of alch has dropped to freezing point, followed by a sudden pump from 0.108 to 0.150, nearly a 40% rise, leaving no time for people to react.
The term "heat freezing point" refers to a situation where the trading volume of a certain asset on a given day is less than the holding amount.
The reason for being bullish is that during the decrease in open interest, retail investors who are bullish are continuously exiting the market, while large holders still maintain their long positions.

$PIPPIN adjusted the Fibonacci, which is highly matched with the resistance level and support level. Currently still above 0.095, the long positions trend has not fallen below. 0.9-0.95 is the support level, and if it falls below, look at 0.08-0.085.
Due to the low amplitude of the spike and the increased uncertainty of the subsequent trend, closely monitor the open interest, and you cannot sleep soundly. Just added a little to the position at a high level, raising the average short price...

$PIPPIN open interest continues to expand, now ranking first in the market in terms of rise. During the US trading session, will it attract another wave of people? Unfortunately, it's very difficult.
Therefore, the slow rise in the涨幅 cannot be too much to allow retail investors holding多单 to escape (unless during a spike, where the escape happens quickly). Of course, there is no need to induce shorts with a downward trend; it only requires high-level fluctuations, high selling and low buying, to quantitatively harvest this wave of heat.
Took a look at my Holdings in short positions, ADL ha

$PIPPIN rise and fall are both bear traps, everyone predicts there will be a wave of long wick candle upwards. If you think it won't happen, take a look at yesterday's ARC, triple leverage, and it might not hold up. But what if it goes the opposite way, no one dares to short, and instead, there is no Get Liquidated upwards, a small probability. So it's still important to have some base position, a small profit already surpasses many.

$PIPPIN is currently dropping the shorting leverage, oscillating at a high of 0.08, then the retail investors' long orders got out, now pumped to 0.09, obviously the number of shorting participants is increasing, yet it can't fall down. There are no visible liquidation situations at higher prices in coinglass, but that doesn't mean there aren't short orders above that could get liquidated. If you are already highly leveraged, I hope you can hold on.

$ALCH After a period of long positions trend, it fell, then fluctuated until the heat dropped to freezing point, initiating a significant fall. Now it is again in a phase of consolidation.
So, have the long positions held by the market maker been cleared? I have always felt that they haven't, so I held onto the long positions, but I missed the entry period, so it's a small position.
The reason is that certain large holders and smart money are mostly holding long positions, and now that the enthusiasm has decreased, the fall will not lead to a significant influx of new capital. Only by

$PIPPIN pip obviously indicates that the market enthusiasm is too high, the volume is large, but the open interest is not increasing.
So it comes down to: after the last big drop, it quickly rebounded, then now it's been a prolonged downtrend, followed by a rapid surge within a few minutes, exploding the short positions with high leverage.
The market makers do not have many long position chips at the bottom to offload, nor do they have the intention to increase capital investment and create a speculative coin. So now, wide fluctuations and repeated harvesting will suffice, and the hype wil

$ALCH BTC ETH fall continuously, the market enthusiasm is low, but still optimistic about alch's subsequent rise. However, holding a long order with high leverage now may lead to getting liquidated during a downward long wick candle.

$TA This coin has a very small market capitalization, and there are people on Bybit making large long orders, resulting in a pump followed by a price drop. Not many short orders got liquidated, while long orders got liquidated for almost 5 million U.

$AIA With the spot price rising sharply and breaking above 40, the market's enthusiasm for going long seems to have been ignited (of course, more due to short orders getting liquidated, forcing buy to close positions).
More and more afraid to go long, leaving behind tears of ignorance.
As for shorting? I'm even more hesitant.

$AIA Spot 34, contract 18, index price 26, basis 30%
This is market manipulation, this is cannibalism.

$AIA every hour -2% fixed funding rate, it's not a good time to be empty.
The spot market is highly controlled, and there are no coins available to borrow, making it impossible to hedge.
Hedge short contracts at other exchanges? Here -2%, others around -1%, eating 1% every hour.
Risk varies across different exchanges, and the prices differ significantly. With limited margin, it's easy to experience multiple spikes in both directions. It's only suitable for large funds with small positions.

$AIA The Spot market capitalization is over 800 million, and the contract holdings amount to 100 million (on one side). During the pump process, the contract open interest still decreased. Did the market maker actively sell long orders, which then caused the rates to be significantly negative?
The pump may be too aggressive, and the market lacks liquidity, meaning that there aren't that many retail investors participating. This also means that the sell-off won't be completed that quickly.
It is impossible to predict the market maker's influence, nor can we foresee the market's

#XPIN The downtrend has just started, the open interest has decreased, the originally losing short orders were sold out to recoup investment, and those who wanted to open more short orders got liquidated by a pump from the market maker.
Yes, they didn't die at the peak of 0.004, but died here at 0.0038.
As for the market maker, since they choose not to continue rising, then at this price level that traps long orders, reconciling with the bears, although the price is the second highest, it is actually the optimal solution.