It could be speculative capital or the exchange itself doing this, damn it.

When will the funding rate for UXLINK return to normal? Only then can we expect a rebound from the oversold condition. The negative funding rate for UXLINK this time is not caused by retail investors shorting, but by the big players shorting. If it were retail investors shorting, the charging every 4 hours would cause a price rebound (which actually did not happen). Therefore, it is the big players shorting. In order to recover the funding rate money, the big players will definitely push it down to the bottom.
The first target is tentatively set at 1.6, and the second target at 1.2. If the funding rate is below -0.03% when these two targets are reached, one might consider taking another short-term position.