I'm currently at 0.618 position on $BEAT and have lost $150. To be honest, it hurts a bit. But the more I think about it, the more I feel that this level won't trigger a rally; instead, it’s more likely to drop around 0.45.

Many people see news of whales cutting positions or liquidations and start expecting the market makers to suddenly show mercy and give everyone a boost. But think about it—usually, the market is a tug-of-war between bulls and bears. Now, suddenly at the so-called "absolute low," they’re giving us a discount? That logic doesn’t hold up. If the price really surges, how much would the longs lose? Why would those who already profit from short positions at low levels stop making money?

The short sellers are now happily making profits; it’s just a matter of more or less. If the price rises, longs will be forced to cover, and they’ll still enjoy the benefits of the price increase—what’s in it for the market makers?

The only possible scenario is an extreme move, like some coins do—ruthlessly pushing straight up, then crashing straight down, killing both longs and shorts. This scares retail investors so much that they dare not go long or short, leaving only the market makers winning.

These are just some of my thoughts on the market. No one can predict market changes accurately. Everyone should trade rationally and not be led astray by short-term fluctuations.