#CHIP暴涨 I looked at the data from yesterday, honestly, this market maker's gains are much less impressive compared to RAVE!

It's only the third day since launch, and $RAVE at that time allowed the long side to safely take a big profit. $CHIP , on the other hand, is taking both sides—liquidation volume for short positions and long positions are almost at a 1:1 ratio, the short sellers who chased last night probably got wiped out 🥺

Now it's time to choose a direction.

From the market chart, the market maker's support actions around 0.09 are very obvious; every time it drops to this level, someone steps in. The open interest isn't showing any major changes, remaining relatively stable compared to before, which leans toward a bullish outlook.

There's also a key factor—funding rate. CHIP's funding rate depth is negative, meaning short sellers have to pay a protection fee every hour they hold their positions. For this kind of coin, going long is much more comfortable than going short, and just collecting funding fees can earn a lot.

Of course, this kind of volatile coin can change face at any time. Making a profit and then running is not shameful.

What do you think—will it fall or rise?