2025-12-21 16:20:22

Recently, I stumbled again on alts; these types of coins are typical targets for market makers.

Looking at the top ten holdings, the concentration of addresses in the spot market exceeds 98%. The method is very simple - the price is continuously pushed up on the spot side, and the shorts on the contract side are forced to bear increasingly high cost pressures. The long-short ratio shows that the number of people shorting is frighteningly high, and the market makers don't need to rush to crash the market; they just need to slowly harvest the costs.

Taking contracts as an example, holding 100 coins of a certain type incurs a fee of about 10 dollars every four hours. Currently, it’s still charged on a four-hour cycle, but if this pace continues, it might change to an hourly charge one day. Who can withstand this? Long-term holders often find their accounts drained by fees rather than being eliminated by price movements.

Therefore, when encountering such a situation, one should recognize the situation in a timely manner and cut losses to exit. Those who stubbornly hold on usually do not end well, and the profits from those mainstream coins in the market ultimately get lost in the alts. It's better to avoid stepping into the altcoin pit as much as possible.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
10
Repost
Share

Comment

0/400

MeltdownSurvivalist

· 12-24 05:02

98% concentration? This is ridiculous, I got played like this last time too. I really can't stand the hourly fees, I directly closed all positions and rug pulled. Alts are just a cake, market makers are eating while we are the ones getting buried. I should have recognized this thing earlier, next time I definitely won't touch it. After all this, I was just drained dry by the fees, which is even worse than getting liquidated. The little money made from mainstream tokens indeed all ends up filling the altcoin pit, it hurts.

View OriginalReply0

0xSleepDeprived

· 12-24 01:31

Another unlucky guy being bled dry by fees, I said alts are just things used to play people for suckers.

View OriginalReply0

WagmiAnon

· 12-23 00:22

Oh no, I'm Rekt again. The cost of this thing really drives people to death.

View OriginalReply0

degenonymous

· 12-21 16:47

The means of fee harvesting is absolutely ruthless, it's like boiling a frog in warm water. Seriously, collecting fees every hour keeps me awake at night. It's true, in the end, greed leaves you with nothing. Alts have now become a casino, operating without a market maker. The longer you hold, the worse it gets; that's the truth. Short positions in contracts are being drained, who can withstand that? Recognizing reality, cutting loss to survive is better than being slowly drained to death.

View OriginalReply0

JustAnotherWallet

· 12-21 16:45

The fee is truly a silent knife; by the time you react, the account is already gone.

View OriginalReply0

HalfIsEmpty

· 12-21 16:41

Indeed, fees are just a silent way to play people for suckers, it should have been escaped long ago. Contract altcoins are just a pit, and market makers don’t even need to dump. Recognizing this situation early is better than anything else; stubbornly holding on is suicide. 98% concentration... how desperate must that be. Cut Loss hurts, but being drained alive by fees hurts even more.

View OriginalReply0

¯\_(ツ)_/¯

· 12-21 16:40

Damn, the fees are so harsh, no wonder my account is getting emptier Another altcoin trapped, this pit is too deep, dude The contract fee harvesting machine, the market maker is just waiting to suck blood 98% concentration, isn't this obviously controlling the market trend? I've said long ago not to touch altcoins, yet some people insist on paying tuition Cutting losses is painful, but holding on is even more painful The fees have swallowed half of my earnings for the past month, it's over All the profits from mainstream tokens are stuck in altcoins, this is called reverse operation Now I'm just staring at the four-hour fees, it's giving me a headache Better to be empty-handed than to catch this market

View OriginalReply0

BlockBargainHunter

· 12-21 16:23

The fees are so harsh, my 100 coins have long been ruined. It's another situation with 98% concentration, market makers love doing this. Cut Loss, Cut Loss, just admit defeat everyone, holding on is pointless. The profits from mainstream tokens have all gone down the drain, it's really a crazy loss. Why are there still people trying this? Be smarter.

View OriginalReply0

ShitcoinArbitrageur

· 12-21 16:21

The fees are really insane, it's basically a bottomless pit. I've seen it long ago, this is a contract Pig-butchering scams. Cut Loss and walk away is the wisest choice. I can't believe there are still people stubbornly holding onto alts, it's truly unbelievable.

View OriginalReply0

SmartContractDiver

· 12-21 16:20

Alts are really a machine for playing people for suckers, the fees are more ruthless than dumping. Shorting got pressed down, it belongs to that. Should have run early, had to wait until the account was cleared to wake up. 98% concentration shouldn't be touched, who can't see this. With such high contract fees still holding on, it deserves to be drained. The profits from mainstream tokens have all gone in, it's a cycle of explosion, right. That round with Mountain coin I also got Rekt, the fees ate up half the profits. The pit was jumped into by myself, not recognizing the situation is really hopeless. The market maker plays like this, Spot pumps contracts to play people for suckers, if you saw through it early you wouldn't play alts. Once the rhythm of collecting every hour comes, retail investor accounts drop to zero directly.

View OriginalReply0