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This OG market situation left me quite speechless. I didn't exit in time during the 4.1 dip this morning; I was hoping it would fall even lower to buy the bottom, but I ended up missing the subsequent recovery. What's more embarrassing is that the funding rate had already turned positive, and I didn't take this signal seriously despite it being right in front of me.
Looking back now, I missed two very clear technical signals. The rebound from the decline indicates a reversal, which is a fundamental judgment. More straightforwardly, the funding rate signal—when the spot price leads the rebound and surpasses the futures price, causing the funding rate to shift from negative to positive—indicates that market sentiment has turned.
This loss amounts to at least a few thousand yuan, but the lesson learned is worth it. Sometimes, it's not that the market doesn't give opportunities, but that I didn't understand what the market was telling me. Next time I encounter similar technical signals, I need to be more alert.