$RIF The shorts are paying the longs, isn't that like losing money?

Funding rate -0.0257%, shorts have to pay longs every 8 hours, and open interest has increased by 17.4%, someone is quietly building a position here. Retail traders are all shorting, the whales are doing the opposite.

I entered long at 0.06676, stop loss at 0.056746, 15% room is enough. Target is 0.086788, conservatively 0.096802 to exit.

This kind of negative funding rate long position, holding it itself yields profit, the more shorts there are, the more comfortable I am. If the whales really want to push up, retail short orders are the best fuel.

Position at 15%, don't go too big, altcoins are volatile, but at this level, the risk-reward ratio is 1:2, worth a gamble.