Analysis of market manipulation by 300 million contract giants on the chain I call him the Seven Step Snake 🐍 Seven Step Snake 🐍 Specific operational steps 1. Preliminary warehouse construction Starting to gradually establish long positions in ETH, utilizing its high short ratio, it is expected that closing short positions (or liquidating positions) will push up prices. 2. Transfer to BTC to create illusions Short term manipulation of BTC can lead the market to mistakenly believe that it has some positive information (such as "BTC is about to rise"), attracting followers. 3. Trigger Blow Up Shorts By pushing up the price of ETH, it forces high priced short positions to be forcibly liquidated (liquidated), further exacerbating the price increase. 4. Reduce positions to induce new short positions Partial liquidation creates the illusion of "price peak", attracting new short sellers to enter and accumulate strength for the next round of rally. 5. Increase positions and attract bulls to follow suit Another large-scale purchase and aggressive operation attract bulls to follow suit, driving prices to continue rising. 6. Secondary triggering of short position liquidation After further price increases, newly entered short positions are forced to close, forming a chain reaction. 7. Take Profit (TP) Due to the accumulation of huge profits and a large number of accounts following, traders quickly exited the market by withdrawing collateral assets in one go, avoiding price corrections caused by order book (OB) reactions. Finally, market makers or algorithmic liquidity providers are forced to take on manipulated positions or are unable to close them in a timely manner due to sudden liquidity withdrawals, resulting in losses. Chives, don't follow. Big shots may just be for