$SIREN Don't be misled by spot prices; keep in mind that on-chain prices are synchronized with the contracts.


Don't naively think that if the spot price is more than double the contract price, it will quickly synchronize, or you'll get slaughtered.
SIREN10.25%
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AngryChickenFeather
· 2h ago
Thousands of long positions on the contract side get liquidated, hahaha! Truly talented people!
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4500
· 2h ago
80% of people go long, the contract definitely can't be pushed up, spot is still okay
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青川踏歌QingchuanTreading
· 2h ago
It means retail investors don't hold the spot, and the big players are intentionally pushing up the spot price now, with high funding costs directly causing the futures long positions to be liquidated.
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GateUser-001020e9
· 2h ago
so what does it mean?
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