Recently, the market trend of FUN Token has attracted attention. By carefully analyzing the holdings data, we have discovered some interesting phenomena. During the sideways consolidation period, market makers seem to have increased a significant number of short positions. Although the overall open interest of the coin has not changed much in the past 3 days, the total value of the holdings has decreased by about 16%.

From a short-term perspective, this wave of decline is likely triggered by market makers suddenly increasing short positions. Coupled with around 500,000 in capital outflow from the spot market, it has collectively driven the price down.

Observing the candlestick chart, it is not difficult to find that when the price is in a high-level sideways pattern, the trading volume shrinks, which may tempt some investors to position against the trend. However, this strategy requires extra caution. If one can establish a position at a low point, there may still be an opportunity to capture profits from a rebound. But if positions are built at mid to high levels in a sideways range, especially with a heavy position, there may be significant risks and pressures.

Overall, the market for FUN tokens is at a delicate balance point. Investors need to closely follow the movements of market makers, reasonably control their positions, and remain vigilant to respond to potential market fluctuations. In this uncertain market environment, rational analysis and risk management are particularly important.