People calling trades and posting their results only ever show the profitable half—just like dating profiles that only show a side view. I stayed out of LSK. Watching it get slashed by nearly 30% in a day, I felt relieved, with a little guilt mixed in—whoever catches this waterfall is in for a soaking.
Even after a drop like this, the funding rate is still negative. Shorts are paying to drive it down, like someone buying one near-expiry yogurt and getting one free, yet still complaining it isn’t cheap enough.
I sat on the sidelines watching for ages. Didn’t reach for it, and didn’t suddenly grow a backbone either.
#LSK #BinanceSquare
Even after a drop like this, the funding rate is still negative. Shorts are paying to drive it down, like someone buying one near-expiry yogurt and getting one free, yet still complaining it isn’t cheap enough.
I sat on the sidelines watching for ages. Didn’t reach for it, and didn’t suddenly grow a backbone either.
#LSK #BinanceSquare