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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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Recently, the trends of these two coins are quite worth pondering. One is clearly offloading, and the other is playing a washout game.
**RIVER: Whales quietly cash out after pushing the price up**
The data looks quite alarming—traders' long profit ratio is 90.44%, and whales have a 95.77% profit on longs. But there's a trap here: whales happen to start net selling when all longs are profitable. In the past week, traders net sold 16.64M USDT, and whales net sold 13.94M USDT. This is a classic "push up and dump" tactic.
Funding rates remain negative, dropping to a low of -1.07585%. Shorts have to pay longs, which attracts retail traders to go long, creating a supply of sell orders for the main players. The price was pushed from $1.616 to $18.609, a more than 10x increase. The sell-off signal is now very clear. Once the main players finish offloading their chips, a sharp decline could follow—because the order book is concentrated, with no strong buy support, the price could crash back to previous levels within hours.
**LIGHT: Shorts are fully loaded, whales are waiting for an opportunity**
The situation here is the opposite. Shorts are extremely crowded, with 59 whale shorts making profits, while 39 whale longs are losing. Traders are also mostly shorting, and the market sentiment is overwhelmingly bearish. Within 30 minutes, whales net sold 499.31K USDT, and traders net sold 572.42K USDT, with continuous inflow of short positions.
But the key point is that whales haven't taken serious action yet. The 0.81 USDT level is the death line for the bears (most shorts opened above this price). Whales can leverage their chips at any moment to break through this level and trigger a short squeeze. Currently, with so many shorts crowded, whales are brewing their move. If whales push through 0.81, stop-losses among shorts could trigger a 20%-50% surge; conversely, breaking support could lead to a drop of over 30%. The market is entirely driven by whales' intentions; technical analysis alone is useless.
**In summary**, RIVER is a distribution game for offloading, while LIGHT is a manipulation game for washout. The former is waiting for a sharp drop, and the latter is waiting for extreme market conditions—both are traps easily fallen into by retail traders.