When the funding rate turns positive, it is estimated that it should drop.

$IP Ouyi has a short-selling loan volume of 200,000 and a long-selling loan volume of 80,000. Binance is 80% short-selling. I really can’t think of a reason for the dealer to sell off the goods under this circumstance. After all, Binance spot has not been listed yet, and the currency price will most likely continue to rise. When it is listed on Binance spot, the price may come down. Look at the previous copycats, they were all like this, and this time the companies participating in the IP investment are all big companies with plenty of money.