🎉 Congratulations to the following users for winning in the #Gate CBO Kevin Lee# - 6/26 event!
KaRaDeNiZ, Sakura_3434, Anza01, asiftahsin, GateUser-d0654db3, milaluxury, Ryakpanda, 静.和, milaluxury, 币大亨1
💰 Each winner will receive $5 Points!
🎁 Rewards will be distributed within 14 working days. Please make sure to complete identity verification to be eligible.
📌 Event details: https://www.gate.com/post/status/11782130
🙏 Thank you all for your enthusiastic participation — more exciting events are on the way!
#PI# Let's talk about the market maker's whipsaw. The pi community is too large, and the pi consensus has always been high, which is different from other new coins. If the market maker uses old thinking to whipsaw, the whipsaw will become heavier. You washed away 2u of long orders, 1u was replaced, washed away 1u of 0.5u was replaced, washed away 0.5u of 0.4u was replaced… you washed away 0.1u of 0.09u and still replaced it. Just ask you, will you pump? If not, do you have the ability to drop pi to zero? It shows that the market maker doesn't have that ability. You always have to pump, the lower the price, the more long orders there are. The harder you pump, even raising 1u will be lighter than the current burden, because the community is too large. It can be said that long orders can never be washed away, the more you wash, the more there are. If I had known this, why bother in the first place?
I also said that this is the bottom; the market maker would be going against themselves if they continue to push down, which would allow more people to enter and buy long orders, adding a heavier burden on themselves.