The current market trend of JELLYJELLY has evolved into a high-stakes on-chain and exchange-linked hunting game!

On one hand, the derivatives market is experiencing extreme volatility, with open interest on top-tier exchanges showing a sudden surge. This indicates that massive leverage funds are deeply involved, and market expectations are highly polarized. The sharp increase in open interest often signals an imminent trend reversal and can easily trigger large-scale chain reactions of liquidations!

On the other hand, the performance of spot and second-tier exchanges appears more unpredictable, with clear signs of front-running and control. Major funds are manipulating these platforms to create the illusion of a very light market. Such localized control behaviors are often precursors to price manipulation, aiming to induce retail traders to get liquidated by creating extreme market conditions!

Meanwhile, the dark currents of on-chain whales further confirm the trend toward concentration of holdings. On-chain tracking shows that multiple super addresses have recently transferred large amounts of spot holdings from top exchanges into private wallets.

The concentration of the top 10 addresses has spiked abnormally in the past 24 hours. This liquidity withdrawal, combined with order book manipulation within exchanges, allows major players to influence prices at minimal cost!

We must remain highly vigilant against the risks of high-level selling or precise hunting!!!$JELLYJELLY ‌#Gate广场发帖领五万美金红包