Recently, the Magic coin has attracted widespread attention in the Crypto Assets market. Its price movement shows a strong rising trend, with a bullish belt hold pushing it to new heights. From a technical perspective, Magic was previously in a falling wedge pattern, and has since started a sustained rebound, currently approaching the expected target level.

However, for this type of Crypto Assets, merely following the candlestick charts is far from enough. The price movement of Magic clearly shows a highly concentrated manipulation characteristic, a pattern that is not uncommon in the Crypto Assets market.

The usual operation method is that large funds quickly pull up the price after building positions at low levels. This not only attracts market attention but also entices more investors to follow suit and enter the market. Although this practice requires a large amount of capital to drive up prices, the current funding rate situation seems unexpectedly favorable. Currently, the funding rate of Magic has dropped to -2.2%, and this unusually low figure indicates that short sellers dominate the market.

Faced with such a large number of short positions, big funds are likely to continue pushing prices higher. After all, retail investors' short-selling actions provide the big funds with counterparties. It can be speculated that big funds have long accumulated a large number of long positions at low levels. As prices rise, these long positions can not only obtain considerable profits but also benefit from high funding fees, which are enough to offset or even exceed the cost of pushing prices higher. At the same time, the continuous rise can maintain market enthusiasm. When prices reach preset targets, big funds are likely to sell off quickly, leading to a sharp drop in prices.

This operational model is quite common in the current Crypto Assets market. For cautious investors, waiting for a price Rebound before considering shorting may be a wiser choice. However, regardless of the strategy adopted, risk management should always be the primary consideration in this highly speculative market.

Overall, the case of Magic provides us with a window into the dynamics of the Crypto Assets market. It reminds us that in this rapidly changing field, technical analysis, market sentiment, and the behavior of large funds are all factors that need to be closely followed. Only by fully understanding these elements can investors make informed decisions in this market full of opportunities and risks.