#山寨币复苏? Reviewing this round of RAVE, my biggest impression can be summed up in one sentence: this is not an ordinary altcoin market, but a dual massacre that has grasped human nature to the extreme.
Near 27U, theoretically, the sentiment and congestion should be off the charts, and the funding rate should have reached its peak, but at that time the rate was close to 0, which itself is a very abnormal signal. Subsequently, the price dropped from 27U all the way to 15U, the rate began to turn negative, and many people would naturally think "it's dropped too much, time to buy the dip." As the price continued to plummet to around 10U, the funding rate hit the ceiling again, and those who had become accustomed to the funding rate would instinctively choose to buy more as the price fell, resulting in all the profits made earlier being given back.
The most ruthless aspect of this round of RAVE is not the one-sided rally, nor the one-sided crash, but first training everyone to think about shorting, then blowing up the shorts all the way; then training everyone to think about going long, and as soon as everyone starts to buy the dip, turning around and crashing down furiously. Especially near 10U, where there were restrictions on opening positions, further amplifying the control advantage. In the end, this round of RAVE is not a simple market fluctuation, but a textbook-style harvesting that utilizes funding rates, position limits, and emotional shifts to simultaneously hunt both long and short sides. $RAVE
$GIGGLE Binance’s life experience craze has been popular for half a year; now it’s the second half of the year. Maybe this thing is going to be popular too
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The celebration of Changxin’s listing made me feel the power of wealth. I’m looking forward to BNB—Binance life is also taking me along for the ride 🎉 #币安人生 $币安人生
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