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🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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The funding rate of RIVER turning negative signals an interesting message—shorts are continuously accumulating. Last night's rally seemed fierce, but essentially it was a harvest of trapped short positions.
The interesting part is this: although the bearish sentiment is strong, on-chain data shows that funds are continuously flowing in. This indicates that the main forces are still in the shadows. They wouldn't be pouring money in without reason.
Based on market trend analysis, the upcoming decline is very likely a carefully orchestrated trap. The main players are either accumulating at low levels or preparing for the next rebound. Whatever the case, blindly shorting is essentially betting against the other side's hand.
The short-term strategy is simple: don't rush to open short positions. The pullback is the best opportunity to go long. Timing is crucial—wait for it to drop, then seize the opportunity. This approach will have a higher success rate.