$MAGMA fee rate turns negative—can your short positions hold?
Shorters—can you really sleep at night now? Fee rate -0.0041%, while the price only drops -1.4%—is this money just free?
The fee rate hasn’t stayed still: it flipped from +0.0023% all the way down to -0.0041%. OI isn’t a small uptick either: +112.8%, from 4.3M → 4.8M → 7.5M → 9.2M. 24h trading volume: $339.9M. Current price: 0.25576.
It’s true that bearish pressure is strengthening, but your position cost is climbing too. The price is falling, yet real money is still flowing in—this isn’t a low-volume, endless grind down.
Deeply negative funding paid at low levels means you could be hit by a wave of short-covering at any time, turning the bite back on you. First, calculate your costs and leverage. Once you’ve confirmed, don’t stubbornly hold.
Risk warning: market cap data is missing; only one contract is trading—leverage amplifies not only direction, but also needle-like spikes.
#MAGMA #币安 #Bitcoin
Shorters—can you really sleep at night now? Fee rate -0.0041%, while the price only drops -1.4%—is this money just free?
The fee rate hasn’t stayed still: it flipped from +0.0023% all the way down to -0.0041%. OI isn’t a small uptick either: +112.8%, from 4.3M → 4.8M → 7.5M → 9.2M. 24h trading volume: $339.9M. Current price: 0.25576.
It’s true that bearish pressure is strengthening, but your position cost is climbing too. The price is falling, yet real money is still flowing in—this isn’t a low-volume, endless grind down.
Deeply negative funding paid at low levels means you could be hit by a wave of short-covering at any time, turning the bite back on you. First, calculate your costs and leverage. Once you’ve confirmed, don’t stubbornly hold.
Risk warning: market cap data is missing; only one contract is trading—leverage amplifies not only direction, but also needle-like spikes.
#MAGMA #币安 #Bitcoin