TechFlow news, on April 2, Zhu Su posted that certain large holders with substantial crypto spot positions are employing a "sell spot / buy perpetual options" strategy to induce market makers to take opposite positions. These large holders then deliberately trigger liquidations of long perpetual positions, allowing them to exit their positions more favorably than by directly selling spot in the market. Meanwhile, crypto investor VIKTOR pointed out that the market caps of many tokens may be artificially propped up. He cited ACT token as an example, which plummeted from a $200 million market cap to $100 million within minutes, then continued falling to $60 million, losing about 70% of its market cap in 24 hours. This incident has reignited concerns over price manipulation and the authenticity of market caps in the cryptocurrency market, sounding an alarm for investors to pay attention to potential artificial interventions in the market.
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