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Follow me to send New Year Wealth 🤑 and get real-time market updates #RIVER一个月暴涨50倍 every day. The recent market has been declining, almost all coins are in a correction, but RIVER has been rising against the trend, continuously hitting new highs.
During the price rally, the bn contract maintained a long-term negative fee rate, allowing the project team to go long on the contract + earn the fee rate, then use the hourly earnings to buy on-chain spot holdings. This way, even without triggering a major move against opponents, they can slowly cut losses and make the shorts surrender.
So now, you really shouldn't blindly short. As long as you short, in the long run, you are basically losing. The correct approach now is to carefully monitor its funding rate, see if it returns to normal levels. If it does, you can try shorting.