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Mirsabbir

$SIREN Short position holdar are panic ☠️

SIREN-6.83%
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AngryChickenFeather
· 06-15 06:17
The “dogzhuang” is the biggest short—will he panic? Go ahead and pump it up a little and see; it gets slapped back in seconds. And right now, in the contracts, the longs’ funding rate will just grind you down to death too.
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青川踏歌QingchuanTreading
· 06-15 05:57
So the spot price doesn’t fall because retail traders don’t have any inventory in their hands—so they can’t slam the market. The market makers take action by selling off the contracts. The funding rate is too high, which keeps forcing perpetual contract long positions to be closed, triggering a chain reaction. There are still 80% of retail traders going long right now. If you were the market maker, would you let the contracts rip higher? Keep pushing the contract market and supporting the spot price—that’s the market maker’s best play.
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