$SIREN A group of bottom-fishing investors has arrived.

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青川踏歌QingchuanTreading
· 1h ago
So the spot price isn't falling because retail investors don't have the inventory to dump, and they can't crash the price. The big players are dumping contracts, and the high funding rates cause perpetual contract longs to keep closing, triggering a chain reaction. Currently, 80% of retail investors are long. If you were the big player, would you keep the contracts open? Continuing to manipulate the contracts and supporting the spot price is the most optimal solution for the big players. The more they manipulate the bottom, the more it drops.
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