analyze specifically why "Fish" has not been killed yet

1. The Short group is “Whales” (Whales) To “kill short”, a massive buying force is needed to drive the price up, forcing the Short side to cut losses or face liquidation. However, looking at the data: * ICP: The number of Short whales is 168 compared to only 64 Long whales. * GIGGLE: The number of smart Short traders is 260 compared to 78 Long. * Conclusion: The “big players” who can coordinate the market (MM/Whales) are the ones who are Short. They will not “kill” themselves. They are following the downward trend to make a profit.
2. The profit margin of the Short side is too thick (Entry is too beautiful) The Short position is in an “immortal” state because the current price is very far from their average entry price (Entry): * With ICP: * Current price: ~3.019 USDT * Average entry for Short: 5.169 USDT * Reason: The price must increase by more than 70% (from 3.0 to 5.16) for the Short position to break even. To “kill” them (and make them incur heavy losses), the price must pump extremely hard, which is very difficult to happen in the short term without extremely good news. They are making over 9.6 million USD, their sentiment is very comfortable to hold profits.

* With GIGGLE: * Current price: ~65.58 USDT * Average entry of Short: 71.71 USDT * Reason: The price needs to increase by about 10% to reach their entry. Although the distance is closer than ICP, looking at the Volume (Volume): The Short side holds 10.21M USDT, while the Long side only has 1.10M USDT. The Short side dominates by 10 times in terms of money, so the Long side does not have enough strength to push the price up to “kill” them. 3. The market is hunting for Long (Kill Long) Instead of killing shorts, data shows that the market is trending towards “squeezing” the longs (those who are bottom-fishing): * Both positions in the two coins are suffering heavy losses (ICP down 6.18M, GIGGLE down 216K). * Long position entry (ICP ~5.09, GIGGLE ~78.4) is being squeezed very high.

• Rule: MM will often push the price down further to liquidate the Longs that are currently holding losses ( in order to take liquidity ) before considering a reversal. Cannot “kill short” at this time because Short is king. To kill short, need: * Whales Shorts take profit simultaneously (Close position). * Or there could be a new extremely strong cash flow (Good news) injected to break this deadlock. Advice: Based on this data, the downtrend is still very strong. You should not try to “stop the train” (Long) at this time unless you see signals that the Whale is starting to close positions and take profits.