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#LAB 13.7 is like a strong support level, eating funding fees all night.
Why dare to go long, not afraid of dumping?
Reason: The Lab unlock time has been delayed from July 14 to August, meaning the whale wants to play the game of squeezing both longs and shorts more. Currently, the number of shorts far exceeds the number of longs. Occasionally dropping a bit clears out some longs or triggers stop losses. The 1h funding fees from shorts are very comfortable.
If there is too much selling and the price crashes directly, it would cause a systemic collapse with everyone panicking and fleeing. Then it would require a huge amount of capital to pump the price back up, and it would trap people again. Therefore, it can be inferred that the whale does not dare to dump all at once, only slowly grinding to annoy people. When the funding fee is no longer charged every 1 hour but changed to every 4 hours, then we need to be vigilant and prepare to exit.