Heard a batch of short positions just got liquidated. Liquidity is still super thin right now, so it’s basically pump and dump at will. This is also why, for Changxin, I prefer using prediction markets rather than Perp to express my views. Pre-Market Perp, before liquidity gets deep enough, is basically a PVP manipulation game. Even if your view is correct, you could still lose everything. It’s just a game of which side has more people and which side’s liquidation brings bigger profits, rather than who’s more accurate.