#WCTC S7 报名开启 Pumping the chart for two days, the ones doing the pump are all low market capitalization altcoins. I estimate that it's just a lack of market funds, but there is still a portion of speculative funds that want to open the market to play people for suckers, so they are using these small-cap coins to set up the game. In the end, it will definitely go to zero, but during the pumping process of these low market capitalization altcoins, if you short at the bottom, it is very uncomfortable because you not only have to bear the losses from the exponential rise but also possibly face funding fees every two hours.

Take this voxel as an example. With a position of over 70 million and a market capitalization of only 15 million, funding fees are collected every 2 hours. Suppose the operator holds a net long position of 10 million; he only needs to eat 50 funding fees to break even. The extra money can be used to pump the spot market, allowing the price to continue rising (in fact, the break-even period may be shorter since the value of the long position keeps increasing). He already controls a large circulation of spot, and with the continuous eating of funding fees, he has a steady supply of bullets. Do you have any chance of winning if you short? So if you are not optimistic here, just stand by and watch, don't jump in and become fuel for the operator!