Currently, opening a long position for one more day can incur a funding rate of 1.43%, and there is no liquidity below the drop, while around 3.5 there is several million dollars of liquidity. Thinking from the perspective of the market maker, maximizing profits is the goal. If you open a long position with a stop loss, just observe and don't follow; solo mining is too difficult and not suitable for ordinary people.

$LAYER First, we need to understand one thing: the price surge of coins with low circulation and high control is mainly due to the abundance of opposing positions. The goal is to take advantage of the liquidity of the opposing positions. OM has also maintained for a year before starting to dump, rising dozens of times, simply because there were too many opposing positions, with all the chips in hand. The completely empty liquidity can easily cover the transaction fees of the price surge. Currently, with this funding rate, a few percentage points of position per day, the project party cannot dump; it merely sweeps the stop-loss of those who are long, then诱空 (inducing short selling) to accumulate liquidity above. This allows for a better short squeeze. Stop-loss for short positions equates to buying tokens at a higher price to repay. If it wants to continue rising, the liquidity must be clustered above.