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One final reminder. $SLX Longs face the risk of getting wiped out. This “dog庄” scheme appeared 3 times within 2 weeks—one H, one EOSP..., and one GUA.
I was there before the massive selloff—before each of these, the spot price was far higher than the contract price. “Air force -2 funding fee.”
It kept falling and rebounding many times.... Finally, in the last round, it kept dropping without any rebound at all, with a 96% daily drop.