$Q The decline has accelerated! Binance perpetual market data shows a 24-hour drop of about 37%, with a low of 0.02862; meanwhile, the 4-hour funding rate is around -0.95%. The downtrend is still in place, but the negative funding rate means the cost of holding short positions is rising. After a sharp drop, be cautious about chasing shorts in case of a sudden rebound. First, watch whether the low holds; both a breakdown and a recovery need to be monitored.
