There are experts saying that the long positions in contracts do not affect the spot market, so let me educate beginners on some basic knowledge.
The main reason contracts can influence the spot market is due to the funding rate, which is why I always emphasize that everyone should check the funding rate before opening a position.
The primary purpose of the funding rate is to adjust the deviation between perpetual contract prices and spot market prices through regular payments, ensuring both remain consistent. When the perpetual contract price deviates from the spot price, the funding rate encourages traders to open positions in the opposite direction to collect or pay funding fees, gradually adjusting the price back to the underlying spot price.
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