Let's talk about the beastly project owner $ETHFI . This project owner is really poor. He has a lot of coins but no money to pull the price. He only wants to sell them. At this point, the beastly project owner can't sell all the spot coins. He is forced to continue to increase his position to short hedge. The market value is 200 million, and the short hedge is 60 million US dollars. No wonder the funding rate is so outrageously negative. The beastly dealer is hedging!