Recently opened a short position at the RIVER futures level, and the chart shows a decent entry point. Now the funding rate has almost deducted 20 basis points, and this cost is still manageable. Interestingly, two days ago, after the platform announced reforms to the financing rate, the situation improved significantly, and the rate has been decreasing, no longer at that intimidating high level.

Speaking of this wave of market, altcoins are really a mystery. If it were like LIGHT, directly crashing the market would be more straightforward, but it’s stuck here without moving. Looking at the order book, there’s no sign of a dump, just sideways. The question is—how long will this sideways trend last?

Sometimes, the market’s biggest test isn’t sharp rises or falls, but this tug-of-war-style oscillation. You’re uncertain about the direction and don’t know where the end of the wait is.