In the past 24 hours, AIA liquidated $16 million in short positions and $500K in long positions. When the funding rate was close to -2%, the price was at $5.5, meaning the shorts got wrecked hard and started surrendering once they realized the momentum was off. It’s not as wild as the $110 million move MMT pulled off with their midnight sneak attack a couple of days ago, but keep in mind this is the second big play by @DeAgentAI. The first time, they pumped it 10x right after launch, blowing up hedged investors and insider trading groups . That one was a major win. I’ve mentioned before that the current market has some fun plays with the altcoins on CEXs, but you need to be sensitive to OI changes and the market makers’ habits. For small funds, the risk-reward ratio can still be decent. The most important thing is: You need to figure out who the market maker is targeting. If you can see it clearly, hop on the same ride boldly—it’ll feel great. If you can’t figure it out and just jump in blindly, chances are you’re the one being targeted.