2025-12-23 15:22:24

NIGHT's maximum drawdown exceeded 3000U. Although I have reduced my position, the rhythm is still a bit uncomfortable. Recently, the 20 million Trading Volume in this round has basically been generated by the brothers from the trading competition taking turns to participate. I checked the data, and yesterday's NIGHT volume on a certain leading exchange accounted for about 70% of the entire network.

The problem arises - a leading exchange has already ended its trading competition, and only a certain platform has two days left. Once the event concludes, this support will be gone. There will be no one to absorb the selling pressure in the market, making it harder for the market makers to unload their positions. In the last two days, there will definitely be some operations, so be mentally prepared for a rebound followed by a sharp decline. The current strategy is to follow the fluctuations, not being greedy or fearful.

NIGHT9.77%

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YieldHunter

· 12-23 15:57

ngl, if you look at the data, this trading contest pump is literally the definition of unsustainable returns. 70% concentration on one exchange? that's a liquidity mirage waiting to collapse.

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ChainMelonWatcher

· 12-23 15:55

As soon as the trading competition ended, there was a direct dumping; I've seen this trick too many times.

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OnchainSniper

· 12-23 15:49

As soon as the trading competition ended, I had to run. This wave of rhythm is really uncomfortable, with 70% of the Trading Volume being churned out by the competition, it's too hollow. --- The 3000U pullback really hurts a bit; I should have reduced position earlier. --- With the competition over, the catch a falling knife is gone; the last two days will definitely play tricks, so prepare mentally. --- What market makers fear the most is that no one is catching a falling knife. They will definitely manipulate in the next two days, and the sudden fall after a rebound is hard to guard against. --- Just follow the fluctuation; being greedy will only get you played for suckers. --- The 20 million Trading Volume is all from the competition players taking turns, this market is incredibly hollow. --- The top exchanges have already gotten out of positions; the remaining platforms will also come to an end in two days, and that's when the real test begins. --- It's easy to say not to be greedy or fearful, but it's hard in actual operation. We still have to guard against the plummet after the rebound.

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