Always remember:
In future trades, profits are often made by liquidating other traders’ positions.
When an exchange promotes a coin and it reaches the top gainers list, 90% of people blindly take short positions without proper knowledge.
For example, one trader shorted ALPACA and ended up paying $4,000 just in funding fees!
Exchanges take advantage of this — the funding fee system is a scam that slowly drains your balance while you hold positions.
Yesterday, ALPACA had over $1 billion in short positions when its price was around $0.11.
Because so many people shorted, the project team and exchange planned a price move, causing the liquidation of $1.67 billion USDT worth of positions.
Moral: Never trade without proper knowledge — or you’ll become part of the liquidation!
