Recently, MMT's trading tactics and a series of bold moves have sparked a lot of discussion in the community, with many calling it a 'textbook-level harvest.' Let’s break it down briefly: 1️⃣ The overall market trend has been poor lately, so MMT first created a downward trend before the market opened, attracting people to short around the 0.6 level. 2️⃣ Then, they pushed the price down to the 0.35 cost line, forcing major players to open short positions for 'hedging.' 3️⃣ After the market opened, the open interest (OI) of contracts surged, and the amount of spot controlled by market makers exceeded the total amount that all shorts needed to return. 4️⃣ Finally, they chose to pump the price violently in the early hours. The forced liquidation buy orders from short positions became the perfect fuel for their sell-off. The essence is simple: market makers accumulate counter positions through 'short traps,' then use their control advantage to 'liquidate shorts' and secure profits. This incident serves as a reminder for everyone: Facing new coins with high market control, using high leverage to short is extremely risky. The so-called 'hedging' is not a safety net either—under absolute market control, any strategy can fail. #MMT #Contracts #Leverage #Crypto