$AKE The fear index surged to 82, the funding rate fell to -0.08%, and the price plunged 23.66% in 24 hours. It’s currently at 0.0095, after hitting a low of 0.0084. This liquidation cascade is even more brutal than last month’s: back then, the funding rate turned around at -0.05%, but this extreme reading has now surpassed the previous low. Someone in the group asked if it was going to zero. I said, think about it the other way around—everyone is cutting losses, and most leveraged longs have already been flushed out. Panic selling made up the bulk of the 142.9M in trading volume. For trading, take a small position around 0.0095, set a stop-loss below 0.0084, and look for 0.0115 as the first rebound target. Keep the position under 20%. With the funding rate this negative, a short squeeze could happen at any moment. A sentiment reversal is the best entry point. #每周来晒