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📅 July 3, 7:00 – July 9,
#PI# Let's talk about the market maker's Whipsaw. The pi community is too large, and the pi Consensus has always been high, which is different from other new coins. If the market maker uses old thinking to Whipsaw, it will just get heavier. You washed away 2u of long orders, 1u was made up; you washed away 1u of 0.5u was made up; you washed away 0.5u of 0.4u was made up… you washed away 0.1u of 0.09u is still made up. So I ask you, will you pump? No? Do you have the ability to drop the pi to zero? It shows the market maker you don't have that ability; you always have to pump. The lower the price, the more long orders there are. The more you pump, the harder it gets. Even if you pump 1u upward, it will be lighter than the current burden because the community is too large. You could say long orders can never be washed away, and the more you wash, the more there are. If I had known this earlier, why bother in the first place?
I also said that now is the bottom. The market maker will not go against themselves; continuing to push down will let more people enter the market to buy long orders, putting a heavier burden on themselves.
I also said that now is the bottom. Unless the market maker is going against themselves, continuing to push down will cause more people to enter and buy long, putting a heavier burden on themselves.