Binance Alpha took the $LA selling flight, raise your hand 🙋
Upon realizing, I see that large funds are entering the contract market. The initial circulation is low, basically just airdrop portions, and they are concentrated sell-offs, making it easy to collect chips. Coupled with the favorable news from CB and Bithumb, and with the contract short positions being so saturated, it really feels like a profitable bite here~
As for the funding rate, those wanting to short should observe first. Even if it doesn’t rise, it can still be supported to earn the funding rate. Although large funds have seen a slight withdrawal, there are no signs of a massive exit yet.