Initial unlocking of 25% of IP, of which only 5% is user airdrop. There are millions of addresses on the test network, but currently, less than 7k have verified to receive the airdrop. Any airdrop not claimed within a month will return to the treasury. The project party has an unusually large number of chips, and it is clear that there are probably not many users willing to buy the spot.

At present, the proportion of IP coins with long positions is much greater than that of short positions, and the funding rate has dropped from the original maximum of -2% to less than 1%. In the previous article, I told you that I suggest you not to touch IP coins. Now I think IP is likely to be shipped. From the perspective of the project, the price has reached a very good price, and the liquidation map found that most of them are doing long positions. If you still follow the operation methods of the dog dealer at this time, go long crazily and only sell a small amount of IP coins, first, the benefits of going long are not very high. Retail investors are all entering the market to go long, and the short positions are a minority. There are more monks than porridge, and the benefits are not high. The decline in funding rates is also reducing returns, which is not worth it. Second, the public opinion on IP coins is not easy to control, and it is easy to send the money that has been earned back to the market, which is too risky.
If I am a dealer at this time, I think I can maximize my profits in two ways. The first is to change the direction from the original long position to short position. At the same time, the spot starts to be shipped one after another. There is no pressure to control the market, and a high return on profits is achieved. This is the situation where the number of spot holdings is still sufficient. The second is that if the chips you originally held have been sold out in the past few days, the more conservative approach is to sell out the remaining spot chips and exit the contract market. This is the most conservative and lowest-risk strategy. Then, you can issue an announcement to unlock the IP coins you hold. However, I have not calculated how many IP coins are still out there. You can check it out if you have time. The screenshots below are liquidation maps at different prices, as well as historical funding rates and net outflow data.