$SYN Here are signs showing the Long side is "being forced to pay fees" and is fleeing.
Sign A: The price drops sharply with the Funding Rate falling quickly before the G hour.
Behavior: If in the last 15 - 30 minutes the expected Funding ratio suddenly drops sharply (e.g., from a high positive value falling to near 0%).
Nature: This proves that the Longs who chased the top can’t withstand the fee/penalty pressure anymore. They panic and hit the cut-loss button (closing Long positions equivalent to a Market sell order) in batches before the settlement time to avoid having money deducted. The Long side’s fee-avoiding stampede will inadvertently trigger a very fast price crash for SYN.
Sign B: The price moves sideways with no Vol, but Funding is still extremely positive.
Behavior: The price just lingers around the 0.51400 area with that worthless volume you’ve just detected, but the expected Funding remains anchored at a very high positive level.
Nature: The Long side is stuck in a "no way out" situation (trapped). The whales intentionally keep the price flat so Longs won’t dare cut their losses out of regret over the money, forcing them to hold the positions past the G hour to pay fees to the exchange and the Short side.
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$TAIKO