$RAVE ‌ My personal thoughts on this coin are: 1. All spot holdings are in the hands of the market makers; the cost to manipulate the spot is roughly zero, and the only cost is paying the transaction fee to push the price up, so as long as they control the contracts, it's a guaranteed profit. 2. Many people short the contracts; once the price reaches a certain level, they control the market to push the price up with longs + shorting, causing liquidation + opening new shorts. After enough shorts are liquidated and some people chase the short position, they use buy orders to smash the price down, causing some longs to liquidate and others to chase the short. At the same time, they quickly close shorts to push the price up, like a few needles at 1.2/1.6/2.2 levels, washing up and down to take profits on both ends. This way, the market maker ends up holding only longs, not shorts. 3. Repeating the second step as long as there are people shorting, there is always "food," and the market maker's capital keeps growing. This creates a feeling of "unlimited bullets," because the short sellers keep sending shorts, and the longs keep being washed out. 4. The market maker doesn't care whether the spot can be sold; they are already well-fed from the contracts. Now, it's just a method to coordinate the manipulation of the contract to smash the price. 5. When the short sellers are sufficiently washed out, and pushing the price up no longer yields much profit, they will trigger a massive drop. So, in summary, for highly controlled coins, it's about guessing the market's direction—whether the market maker wants to cut profits early or push further. In stocks, this is definitely illegal, but in virtual currencies, there are no legal restrictions, and they can do whatever they want. For coins with high control, if the platform doesn't impose restrictions, the market maker can control the market very easily—it's just guessing the size of the air move. #Gate广场四月发帖挑战