The rapid pullback of $BEAT today really tested people's patience. When I first noticed the unusual fluctuation in the rate data, I thought it was a signal of market makers dumping, but after carefully observing the rhythm of the decline, I realized - this is not dumping, but a meticulously designed long wick candle.

In detail, the price has fallen a bit "not harsh enough", clearly lacking the fierce momentum of market makers fully dumping. Combined with the changes in fees, the truth becomes evident: the market makers are using this sharp decline to liquidate a batch of long leverage positions while providing a decent entry opportunity for short sellers. This move not only cleans up excessive long positions but also creates new short-selling expectations.

The key is still to keep an eye on the 3.5 line. If we can hold this price level before 10:30, the positive arbitrage opportunities for the next 1-2 hours will still be there. I have already verified this logic internally, and it has been stable for nearly half a month. Those who want to keep up with the pace need to react early.