If CKB pulls the market again, be sure to pay attention to transaction risks and avoid being able to open a position but not close it.

This afternoon, the funding rate of ckb was only -0.4%, but now the funding rate has become -0.6%, and the number of short sellers has increased significantly.

A few hours ago, I posted an article mentioning that ckb's market control is quite serious. After the number of short sellers increases, the market makers are likely to pull the market again to harvest short positions.

If you pull the market, be careful about the problem of not being able to close the position after opening it.

When I was pulling the market a few days ago, I remembered that the price difference between the spot and contract prices of ckb was very large. At a certain time, the price on one side was 0.012 and the price on the other side was 0.013, a difference of nearly 10%.

As shown in the figure, the contract spread protection threshold is 15%. If the price difference exceeds 15%, the take profit and stop loss you set in advance will not be triggered.

This kind of currency with serious market control can easily produce a large price difference once the market is pulled, such as the rare market pull last month.

Therefore, if your position is heavy, especially a short position, you must always pay attention to where the price is going. If the price difference is caused by the pull order and reaches the protection threshold, your stop loss cannot be triggered, resulting in the final liquidation of the position - this is a A big loss.

When rare launched last month, I also posted a timely article explaining this issue. I hope this article can also be helpful to you.