It has turned into fuel😭

$IP saw many people in bn Square crying over losses on this coin. In fact, coins with low circulation are very good for market manipulation [Haha]. The selling pressure in the spot market is very small; I plan to use a sufficient amount of USDT to maintain the spot price, which indirectly means controlling the contract price [Nose picking]. Then I will use my own funds to open any leveraged position; anyway, the marked price has already been controlled, so my long position will never be liquidated. For coins with poor depth that have just circulated, opening a small account at a high position to place a sell order at a high price, and seeing the price fluctuate by 100%, you short sellers think the coin price is seriously overvalued [Laughing and crying], and then you will rush in. At that time, there are very few sell orders in the spot market, while there are many short positions in the contract market, which causes the spot price to be higher than the contract price, resulting in a negative funding rate. The greater the gap, the more negative the funding rate, and those who short will lose the funding rate to me [Nose picking]. In fact, you often see exchanges frequently adjusting the funding rate to help narrow the price gap between the spot market and the contract market. However, the fundamental reason for the abnormal funding rate has not been found; widening the funding rate range does not solve this problem but rather helps the project parties or what you call market manipulators to further harvest retail investors with the funding rate [Hehe]. Be more mindful and stop cursing the market manipulators; they’ve been generous enough. I’ll delete this soon.