#HIGH $HIGH The brutal harvest of dog dealers + retail investors blindly buying the bottom and trampling are the norm in the currency circle:
Market value 146 million, spot 24H turnover 154 million, contract 24H turnover 1.13 billion
With such a drop, the funding rate is still positive. The only reason is:
The main force is frantically selling spot, and retail investors are frantically going long in futures
The currency price falls normally, retail investors stop loss + cut meat, and futures shorts cover; the main force continues to build short orders, which creates the so-called death spiral
Finally, I hope everyone is well!
