All positions have been closed, with a total loss of around five hundred thousand US dollars for this bird coin #giggle , and the demon coin BOB#Bob has lost nearly eighty thousand US dollars, and I need to close the Binance contract #币安合约锦标赛 , and quit gambling for a while.
The key points of the contract are to find a good opponent Go for it! But never let the main force truly understand your strategy! Xiu Ge's style is to constantly switch strategies! I can earn less or not earn at all! But I must avoid the awkward situation of holding positions uncomfortably
$PIPPIN I saw many people shorting this coin, suffering greatly from the hourly funding fee, all waiting for that crash. How many days can this frog-boiling style of funding survive at most?
Here I took a more extreme calculation. For instance, if it drops to 0.035, at the very beginning of the rise, there is a needle-like crash of 82.5%. It makes no sense to calculate further down because the value of the positions keeps decreasing, and the shorts won't make much profit unless rolling over or something. The hourly funding fee is -0.4%, actually more than this because some were at -1.x% over the past two days, assuming a sideways market of 0.2.
Below is the calculation process.
The relationship between the required drop percentage D(T) and the holding time T (hours) is: D(T) = \frac{r T}{1 + \frac{r T}{2}}
where r = 0.004 (hourly funding rate), T is the total number of hours.
For each additional day (24 hours), the additional drop percentage \Delta D = D(T + 24) - D(T).
Profit part: When the price drops from 0.2 to 0.035, the profit from shorting is: \text{Profit} = S_0 - P = 0.2 - 0.035 = 0.165
where S_0 = 0.2 is the opening price, P = 0.035 is the price after the crash.
• Funding cost part: During the sideways period, the price remains at 0.2, and the position value does not change. The hourly funding cost is:
\text{Hourly funding cost} = r \times S_0 = 0.004 \times 0.2 = 0.0008 where r = 0.004 is the hourly funding rate.
• Breakeven condition: Net income = profit - total funding cost = 0. Set the sideways time as T hours, then:
0.165 = 0.0008 \times T Solving for T:
T = \frac{0.165}{0.0008} = 206.25 \text{ hours}
In conclusion, if you open a position at a price of 0.2 and it crashes 82.5% in an instant, the most ideal extreme situation can last up to 8 days and 14 hours. If you open a position below 0.2, it should be even lower, for instance, 0.15 can last 6 days.
Mainstream coins have improved, while other AI hype cannot rise.
四大铁律
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$ALCH Continue to go long! The daily chart has formed an upward trend. The current hourly chart is also rising; enter the market quickly to go long! {future}(ALCHUSDT)