Ah so you are one of them.
Nope like I said, Im done here. Ill let the people who matter deal with it. (Not me).
three options
1.So the best case scenario is they are artificially inflating trading volumes?
2.Market makers would mean they are getting a fee from coinbase?
3.Manipluating ICP prices
I think itās 3, they want to keep ICPās price as low as possible so they can earn more ICP from the node rewards.
The only reason they would want to do this is to force a take over of the internet computer?
SBF also tried to take control of ICP before he went to jail, I bet there are plenty of others with the same plan.
Another 58,000 ICP sent to that address 11 hours ago from the same sending address , not sure what that means, probably just splitting up another bigger lump across accounts by adding a bit more ready to dump
Thatās just a conspiracy theory, and I didnāt have to spend a single cent to get ICP.
Guys I actually think its longs they are doing not shorts.
Chat gpt can explain better than I canā¦.
- Longs create artificial buy pressure ā then guaranteed forced selling
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Opening a leveraged long pushes price up or at least creates upward demand in the order book.
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But when price drifts down, those same longs get liquidated, and liquidation = forced sell orders.
So a whale can create the sell pressure they want later by building fragile long positions now.
Shorts donāt work this way:
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When you short, your entry itself creates sell pressure ā but if price goes sideways, nothing else happens.
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Thereās no cascade of additional selling.
Long liquidation cascades are stronger because:
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The larger the long, the more violent the forced selling.
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Few shorts = no counter-liquidation on the way up.
2. Leverage lets you control price with minimal real capital
Letās say you have $1M to influence the market.
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Shorting $1M means you actually sell $1M worth of tokens.
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Going 50Ć long means you can control $50M of open interest with that same $1M.
That $50M of long exposure will cause a huge liquidation cascade later if price moves down even 2%.
You get outsized impact for small capital.
Shorts donāt give you that kind of multiplier effect on downside pressure ā longs do, indirectly, through liquidation.