$RLC Although the price has fallen sharply from its peak of 0.78, it is still holding at a high level, and the current 86% increase is no small gain. Actual data shows that ratios, accounts, and large positions are all leaning toward shorts, so why isn't the price falling? The funding fee is negative, so the advantage of holding positions lies with the longs. They're willing to hold out and even buy more to keep the shorts trapped. Not to mention, the amount of buying that took place earlier could be substantial, and the inflow of funds is still continuing. At this point, many of you may be wondering: if funding is negative, how can there be so much buying, allowing the longs to hold out? The answer is that this fee only applies to the derivatives market. Spot-market buying can provide significant support for the price. I'm sure you've also read the good news about RLC. Spot-market volume is currently 37.5M. If this standoff drags on, many traders with open short positions may become discouraged and close them, which could also help prevent the price from crashing immediately.
$RLC