Because of the new Binance Funding rate mechanism , we are looking at a exchange induced alt season. take a look of important Binance announcement about funding rate in April 25th.
Any max funding in futures, will trigger 1h frequency funding, this makes impulse move last longer and more volatile. and more crazy move like TRB,BLZ,OM,ORCA,ALPACA,AUCTION,VOXEL
TradeID #504 - ETHUSDT Manually Closed With Profit Reason: 1200 eth will come . that was not the bottom, close, keep spot portfolio dormant, and be patience --- Performance: Entry: $1387 CloseNowAt: $1579.38 Remained Position Performance: profit before leverage 13.87%
From $108M Fund to $3.5B Rug – The Mantra Meltdown
Just six days after announcing a $108M fund for DeFi and RWA projects, today the Mantra team dumped 90% of circulating $OM, deleted their Telegram, and erased a $3.5B market cap.