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$RAVE Review - The market maker's harvesting logic is correct
Short entered at 0.6671, now at 0.6238, floating profit of 6.5 points. This logic is correct, with 75% retail investors going long + funding rate of 0.0831%, the market maker's harvesting signal is clear
Now the funding rate trend has turned positive, the bears are wiped out, and it’s highly likely to continue falling. Open interest continues to decrease by 1.6%, longs are fleeing, and there’s no problem with the shorting direction. This market condition is just the market maker grinding the longs, if retail investors don’t exit, they will keep grinding
Around 0.61, I plan to take half profits first, and see if it can reach 0.58 before exiting the rest. As long as the funding rate remains positive and the bears are wiped out, it’s highly likely to continue falling. The main reason I can hold this position is because the logic is clear, retail investor sentiment is extreme + funding rate cooperation, and signals of this quality are the kind you should dare to hold