The recent performance of $BEAT has attracted attention. The phenomenon of high funding rates has become the focus of the market—this level of rates can indeed put considerable pressure on traders. Interestingly, this has also become a catalyst for the pump, with the project quickly soaring to the top of the rise leaderboard.

From a trading perspective, the tug-of-war between bulls and bears has already begun. Some traders have been planning short strategies in the morning, waiting for the price to peak before positioning themselves in the opposite direction. In such high-volatility markets, the competition over funding rates becomes particularly intense—retail investors find it hard to profit, while the arbitrage opportunities for large funds are instead magnified.

The trend of $BEAT is worth continuous observation, especially in this round of bullish and bearish confrontation. Whoever can better grasp the changes in the funding rate rhythm may hold the initiative. We still need to keep an eye on the market.