Many scam projects ultimately face one core issue—liquidity. Besides occasional pump-and-dump by whales, the market simply lacks fresh capital entering. The result? A vicious cycle, continuing to spin in the same old pattern.
For spot holders, this is nothing but a dilemma: the coin price can't go up, making it impossible to sell for profit. But for those of us trading derivatives, the approach is much clearer—just go short.
GMT is a typical example. I opened a short position at 0.172 and have held it until now. The psychological level of 0.14? It's just a matter of time; it will be reached sooner or later. The pattern of oversupply and insufficient demand in the market hasn't changed, and the probability of further decline is even greater. Some coins are just like this, destined to oscillate at the bottom repeatedly.
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DataPickledFish
· 19h ago
The issue of liquidity exhaustion has long been tiresome. GMT is indeed a living textbook, with stable short-selling.
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That's right, those who are trapped in spot positions are really miserable. We contract traders are actually more comfortable, with a very clear trend.
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Whether 0.14 breaks or not is another story, anyway this coin is doomed to be stuck at the bottom. Waste of time.
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The amount of pump manipulation by the whales can't attract new funds at all. That's how the death spiral comes about, no problem.
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I accept the move to short GMT, just waiting for it to continue falling. As long as the oversupply situation doesn't change, no one can save it.
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Spot traders are really miserable, liquidity exhaustion is a slow death. Shorting is much more satisfying.
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Such coins are hard to save, and bottom oscillation could last a year or a year and a half. Let's keep holding our short positions.
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NotFinancialAdvice
· 2025-12-31 07:57
GMT is indeed dead; making money from shorting is truly ruthless.
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That's why I don't touch shanzhai spot trading; shorting contracts is more profitable.
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The issue of liquidity exhaustion should have been clear long ago.
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0.14 is indeed a critical level, but watch out for a rebound at the bottom.
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The market maker has already run away; those taking over are all fools.
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There's nothing wrong with the idea of shorting GMT this time; it all depends on how long you can hold on.
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Honestly, spot holders are really suffering; they deserve to switch to contracts.
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Bottom oscillation is indefinite; that's the most torturous part.
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Oversupply and insufficient demand—this hits right at the heart.
View OriginalReply0
wrekt_but_learning
· 2025-12-31 07:57
This is the curse of spot trading—stuck inside and unable to move.
Short selling indeed makes money, but I didn't dare to go all-in on this GMT trade, I chickened out.
Liquidity exhaustion is really a vicious cycle; if no one steps in to buy the dip, everyone will die.
0.14 is indeed a psychological price point, but retail investors have long since exited... Will the whales still dump the price?
Bro, how much have you made on the contract? Is the win rate really that steady?
There are too many coins with oversupply; what’s so special about GMT?
Holding a short position for so long, your mentality hasn't collapsed? I would have cut losses and exited long ago.
View OriginalReply0
AllInAlice
· 2025-12-31 07:56
Damn, how deep is this GMT pit? I shorted at 0.172 and am still waiting for the bottom. I'm really convinced.
View OriginalReply0
TokenomicsTherapist
· 2025-12-31 07:55
Ha, liquidity is the Achilles' heel. Without anyone entering the market, we're just waiting to die.
GMT is indeed fragile this time, with short positions solidly in place.
Spot traders are now feeling the pain, but I'm different.
I've seen it coming for a long time, with repeated bottom rebounds, continuing to short is no problem.
0.14 is only a matter of time, don't rush.
The market maker's attempts to pump the price are useless; oversupply is a ticking time bomb.
Futures contracts are the real king, while holding spot is just getting taken for a ride.
View OriginalReply0
LadderToolGuy
· 2025-12-31 07:52
Short positions held for so long, aren't your hands trembling?
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GMT's current price indeed lacks vitality, but is 0.14 really reachable?
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Liquidity is the real Achilles' heel, that's true, but shorting contracts isn't guaranteed profit either
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It pains me to see spot positions being trapped, your contract trading strategies are indeed refreshing
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I've seen this trick too many times, and in the end, the market maker just runs after taking profits
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Wait, you opened at 0.172? How much unrealized profit do you have now?
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Talking every day about dropping to 0.14, feels harder than waiting for a lottery win
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The oversupply issue can only be improved if new funds actually come in
View OriginalReply0
QuietlyStaking
· 2025-12-31 07:49
Liquidity is dead, spot positions are trapped, going short is the right way.
GMT this wave is indeed hopeless, I'm also waiting for 0.14.
If the whales can't move the market, they just can't, don't expect too much.
Contract traders are lying to win, spot buyers are the bagholders.
As long as the oversupply situation doesn't change for a day, keep smashing it.
View OriginalReply0
TokenVelocityTrauma
· 2025-12-31 07:41
Short positions, I'm still stunned. GMT this broken thing is just a trap.
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Liquidity dying is the real death; spot buyers are too miserable.
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0.14? I bet it hits 0.11 first. The market maker's tricks can't come up with new moves.
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Futures short positions are indeed comfortable; it's much better than holding spot and waiting to die.
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Oversupply and lack of demand; this project has been dead long ago.
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Another coin doomed to bottom out; lying flat and shorting is the safest.
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It's already good that GMT shorts haven't been反噬 (reversed) so far. Keep pushing down.
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Spot traders are too miserable; once liquidity dies, everything's over. I'm still more comfortable shorting.
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This kind of coin is just a matter of time; it will break 0.14 sooner or later, no suspense at all.
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Market makers can't save this trash project by pumping; everyone give up.
Many scam projects ultimately face one core issue—liquidity. Besides occasional pump-and-dump by whales, the market simply lacks fresh capital entering. The result? A vicious cycle, continuing to spin in the same old pattern.
For spot holders, this is nothing but a dilemma: the coin price can't go up, making it impossible to sell for profit. But for those of us trading derivatives, the approach is much clearer—just go short.
GMT is a typical example. I opened a short position at 0.172 and have held it until now. The psychological level of 0.14? It's just a matter of time; it will be reached sooner or later. The pattern of oversupply and insufficient demand in the market hasn't changed, and the probability of further decline is even greater. Some coins are just like this, destined to oscillate at the bottom repeatedly.