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The funding rate of Ape's short positions has reached -1%.
The current mindset of market makers to make money is not as simple as just pumping and dumping.
Pumping the market and then crashing it is even more profitable, until the short positions are heavily underwater, and not many dare to open short positions, then they start to dump and liquidate the long positions.
APE is the coin with the most liquidations today, but it's only $10 million, there is still room, and it can still be liquidated.
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What? It’s better not to learn A-shares.
The APE daily chart is so impressive, but when you open the weekly chart, it is nothing.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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