The FUN exchange has changed the funding fee rules, reducing it from 4 hours to 2 hours, and it is still at -2%. Therefore, the short position incurs a fee of -24% for one day, which is terrifying.

Last night, the operators did not pump or dump FUN. I suspect the operators are long on the contracts, and the increase in contract volume suggests that the retail investors are evenly split on long and short positions. Therefore, the operators can safely collect the funding difference.

From the perspective of price difference regression, the operators should be slowly accumulating inventory, profiting from the funding difference on contracts, and when the shorts can no longer hold on and start to close their positions, the operators will slowly unwind their long positions.

Today, FUN is definitely going to crash; let's see exactly when it happens. Pay attention to the changes in contract open interest and funding difference to short! $BNB $BTC