#MOVE Long can endure pain for a bit longer, but look at what Short gets?
🛑From the 0.25 area dropping sharply to 0.18-0.19, it has already anchored 10 periods of Funding with rates ranging from -0.8 to -1.7%, meaning that if you Short with leverage of 10 or more, you are almost losing all NAV due to funding fees => this is called self-destructive mode!
🛑Long is almost fully compensated by funding, which means the endurance of Long has doubled its shield.
Let's wait and see how long the 0.18-0.19 area will last and what will happen next.
$MOVE
🛑From the 0.25 area dropping sharply to 0.18-0.19, it has already anchored 10 periods of Funding with rates ranging from -0.8 to -1.7%, meaning that if you Short with leverage of 10 or more, you are almost losing all NAV due to funding fees => this is called self-destructive mode!
🛑Long is almost fully compensated by funding, which means the endurance of Long has doubled its shield.
Let's wait and see how long the 0.18-0.19 area will last and what will happen next.
$MOVE
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MOVE
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