This lobster trend is real—there’s absolutely no intention of turning back.
Look at the chart: the previous high at 0.314 got smashed straight down to where it is now at 0.073. In seven days it wiped out 68%. And today alone another huge bearish candle—down 27 percentage points—was slammed in. No decent bounce in between either; bearish candle after bearish candle, stepping down on top of each other.
That’s just how meme coins are. When sentiment is hot, it lifts you to the sky. When sentiment fades, everything falls back the way it was lifted—no support worth half a cent, just holding on with pure hot air. A market like this is fully controlled by the syndicate. Spot pumps cost nothing at all; the real battlefield is in the futures. Longs on that side were already eaten up early. What’s happening now is basically a phase of quietly distributing supply.
I just pulled up the futures data, and it’s pretty ironic: with the price having collapsed like this, the number of open positions actually increased—from 320 million contracts to 350 million. Passive sell orders have been getting more aggressive hour by hour, while the accounts that are bottom-fishing and going long are still adding more as it keeps dropping—classic top-side distribution and knife-catching from below. And the “more killing” hasn’t even started yet.
Don’t try to guess the bottom. Don’t bottom-fish. What you think is “cheap” is only halfway down. When a market like this falls, there’s no bottom—only a lower bottom.
Are any brothers still holding in there right now? Drop your position size in the comments.
$龙虾USDT #Meme币 #合约 #山寨币 #崩盘
Look at the chart: the previous high at 0.314 got smashed straight down to where it is now at 0.073. In seven days it wiped out 68%. And today alone another huge bearish candle—down 27 percentage points—was slammed in. No decent bounce in between either; bearish candle after bearish candle, stepping down on top of each other.
That’s just how meme coins are. When sentiment is hot, it lifts you to the sky. When sentiment fades, everything falls back the way it was lifted—no support worth half a cent, just holding on with pure hot air. A market like this is fully controlled by the syndicate. Spot pumps cost nothing at all; the real battlefield is in the futures. Longs on that side were already eaten up early. What’s happening now is basically a phase of quietly distributing supply.
I just pulled up the futures data, and it’s pretty ironic: with the price having collapsed like this, the number of open positions actually increased—from 320 million contracts to 350 million. Passive sell orders have been getting more aggressive hour by hour, while the accounts that are bottom-fishing and going long are still adding more as it keeps dropping—classic top-side distribution and knife-catching from below. And the “more killing” hasn’t even started yet.
Don’t try to guess the bottom. Don’t bottom-fish. What you think is “cheap” is only halfway down. When a market like this falls, there’s no bottom—only a lower bottom.
Are any brothers still holding in there right now? Drop your position size in the comments.
$龙虾USDT #Meme币 #合约 #山寨币 #崩盘