#Sahara dropped below 0.08, last night at 11:50 the price was 0.093, now it is 0.077, a drop of about 18%, which is mild compared to Newt's -33% to -62% due to bottom-buying support. Binance's 20,000 USDT position paid 1,120 USDT in funding fees over 12 hours (5.6%), and the negative fee rate did not last, as buying pressure pushed up the fee rate. Newt's negative fee rate, accompanied by a steep decline, formed a negative spiral, with longs being liquidated, while Sahara did not experience extreme buying pressure. Relying on funding fees to open long positions is extremely risky; Sahara longs suffer from price + funding fees, and Newt is worse, as longs get liquidated directly under negative fee rates. The negative fee rate cannot be sustained, and buying pressure often occurs before settlement, allowing for short-term spreads to be taken, but in the event of a Newt-style crash, contracts still incur losses. I shorted at Newt 0.6, but due to fatigue and not monitoring, I missed a wave of profits. Fearing to miss out on shorting opportunities, one must be cautious of the negative fee rate trap. #币安HODLer空投SAHARA