$RAVE I've already spent 10% of the fee, damn.

RAVE-28.1%
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Gate.io
· 23h ago
$RAVE Some information can be inferred from the funding rate. A sudden shift to -2% indicates a change in the funding structure of the contract market. There are two possibilities: 1. A large number of long positions have been liquidated, with the total number of short contracts far exceeding longs (which is obviously unlikely); 2. Large funds are closing their long contracts, resulting in significant selling, causing the contract price to be far below the spot price. When combined with a rise in the spot price, it suggests manipulation by the market maker, because only they would benefit from such behavior. Raising the spot price with minimal capital is clearly aimed at clearing out their existing long contracts.
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