Why are there more short positions in contracts, yet the price is still rising?
Opening a short position is betting on a decline, but for every bet on a decline, there must be someone betting on a rise (more short positions = more bets on a rise), so prices don't drop directly.
Spot trading involves real money buying real coins, which determines price fluctuations; contracts are bets on the future and are difficult to influence the spot market. As long as the market makers control a large portion of the coins (for example, holding 99%), they can set high prices to buy and sell, and the selling pressure from retail investors is simply not enough to matter!
Some coins are only available for contracts? To facilitate harvesting retail investors! Without spot trading, market makers don't have to worry about retail investors crashing the market; they rely entirely on contracts for harvesting—having many short positions is not a concern, they just need to liquidate the shorts and it's done!
The ETH bull market train has only one last carriage left, follow the strategy closely, and let the profits blow up the screen! The market is crazy, are you not crazy? Just do it!
