Looking at the market data of this coin, I have to say honestly there are some issues.

The manipulative tactics of the whales indeed seem inexperienced — the market structure is so poorly constructed that I even doubt whether they can turn a profit. They are currently adjusting their strategy, but it still feels a bit rushed.

What is the most direct signal? The funding rate is still in positive territory. Think about it — among retail traders, 7 out of 10 are opening short positions, yet the rate remains positive. What’s the underlying logic behind this?

Even more outrageous is the whale’s long positions, which are so large that they are even at a premium.

My interpretation of this phenomenon boils down to two possibilities:

**First** — This is a novice whale. It’s their first time manipulating this type of coin, and they are not yet familiar with various data indicators, which is why the market looks so stiff.

**Second** — They are preparing for a subsequent price rally. If that’s the case, there’s at least more than double the upside potential waiting. Otherwise, there’s no reason to accumulate such heavy long positions.

Honestly, while I am optimistic logically, I still don’t dare to place a bet for now. Short positions are out of the question — that’s just giving away money.