Yesterday, I said ORDI can’t be pushed up— and sure enough, this thing actually dropped.

This is the real trapped-order-book, the kind that traps everyone and traps them dead. The market maker can’t possibly lift it to “bail out” retail—every little weed that’s been in crypto for a couple of years knows about Audi. This thing is just like Trump: it traps a whole circle of retail, dead-set. To push the market up, you have to ask those trapped positions whether they’re willing to run or not—and whether the market maker can actually buy up the holdings of those trapped positions.
The whole crypto market is in the “value being disproved” phase. Which market maker dares to go build something? Isn’t that just throwing money away? And with spot liquidity this bad right now, if they’ve got money to let retail off the hook, why not just open a brand-new project and cut the chives instead? The chips are concentrated, and the sentiment from retail toward new coins is strong enough $ORDI ‌#Gate广场五月交易分享