$SIREN 🌕🚀

SIREN-6.83%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
Add a comment
Add a comment
青川踏歌QingchuanTreading
· 06-15 05:58
So the spot price isn't falling because retail investors don't have the inventory to dump, and they can't crash the market. 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 let the contracts increase? Continuing to push the contracts and supporting the spot price is the most optimal solution for the big players.
View OriginalReply0