This is the kind of order where even if you guess the direction correctly, you can still lose money.
BZ is down 2.9%, but the position is still negative near 16,900 USDT. The funding is deeply negative, causing the Short side to pay the Long side; the estimated fees alone are about 1,840 USDT per 4-hour cycle. When too many people are on the same Short side, just a sudden price spike can be enough to trigger a cascade of forced position closures.
Futures are not simply about choosing up or down. Leverage, funding, and the timing of entry can all turn a correct thesis into a losing trade. When you encounter abnormal funding like this, staying out can sometimes be the more advantageous position.
BZ is down 2.9%, but the position is still negative near 16,900 USDT. The funding is deeply negative, causing the Short side to pay the Long side; the estimated fees alone are about 1,840 USDT per 4-hour cycle. When too many people are on the same Short side, just a sudden price spike can be enough to trigger a cascade of forced position closures.
Futures are not simply about choosing up or down. Leverage, funding, and the timing of entry can all turn a correct thesis into a losing trade. When you encounter abnormal funding like this, staying out can sometimes be the more advantageous position.
