Recently, I stared at this trend all night and found a very interesting phenomenon.

On the surface, the price is indeed falling, but if you calculate the funding rate, you will find that the handling fee paid by the short-selling person just eats up the floating profit, and the long person charges a wave of rates and is smoothed out by the decline. The book numbers have turned around, and all parties are basically busy in vain.

The intention behind this stalemate is actually obvious: the market is sifting people. Chips that can't withstand the pressure and don't set a stop loss in advance will be actively or passively cleared out. When the floating loss order is almost out, the remaining positions will have room to make a profit.

I personally judge that there may be a wave of upward pull before the real killing. The purpose is to shake out those opponents who are chasing high and have no patience to wait for the market. To put it bluntly, in the end, someone still has to pay for the tuition in this game - either you are not determined, or you have not done a good job in risk control, there is always one that suits you.

Therefore, for those who want to eat quick money in the short term, it is best to avoid this kind of disk.