Actually, it's nothing much, the tactics of the wild operator mainly involve counterparty trading.
When the funding rate is negative, they push the price up; when the funding rate is positive, they push the price down.
In the past, they could use frozen accounts and funds to prevent this, but now it's starting to become spot trading on-chain while contracts are opened on Aster.
Why Aster? Because the depth and liquidity are shared.
Projects with high control have no pressure to push the price up; although Binance has updated the way to control the price range, it doesn't matter much. It was explained back then that as long as there aren’t many active external chips, it doesn’t matter how high they push it.
The process of pushing the price up is about absorbing retail chips and managing hidden positions; the projects that push the price up quickly often face rapid price drops as well.
Many friends see the leaderboards spike by several percentage points and then go short; in fact, these shorts are just supplying "ammunition" to the operator. Without any counterparty trading, not even a powerful operator can make money. All actions are aimed at attracting counterparty trading.
For wild operators, spot trading is just a tool to manipulate prices, while contracts are the scythe for harvesting, regardless of whether it's bullish or bearish.
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