The contract opened high, and many people rushed to the exchange to short the contract for hedging, suffering from funding rate losses. Before the spot arrives, the contract skyrockets, and after the spot goes live, it immediately breaks the issue price, resulting in double losses.
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QianBogong
· 07-09 17:16
It can't rise now. It feels like they are controlling the market trend, and there won't be big pumps or big dumps. They are trying to attract more institutions to participate. Companies assess that the risks of big pumps and big dumps are too high, and they simply don't dare to enter.😅
actual situation
The contract opened high, and many people rushed to the exchange to short the contract for hedging, suffering from funding rate losses. Before the spot arrives, the contract skyrockets, and after the spot goes live, it immediately breaks the issue price, resulting in double losses.