Sickle, see the sickle again!
Market value is less than 30 million, the contract holding volume exceeds the market value several times. As long as the big player controls the long positions tightly, what does a 2% fee every hour mean?
As long as the liquidation price is controlled well, opening a 1kwU long position incurs a funding fee of 200,000 every hour. You just need to mindlessly use the funding fee to push the price up and squeeze the shorts, then continue to cycle, the more it liquidates, the more it rises!
Today, the liquidation volume of voxel has already exceeded that of BTC. How is there still so much money in the market? Didn't you all say you lost everything every day?..
