$newt cannot rise. The dog trader has been continuously shorting. 0.7 is the historical high point. 0.3-0.35 has endless liquidity available. The only way is to open a long position at 0.3 to hedge the funding rate, and when it rises to 0.35-0.4, go short together with the dog trader. With 5000 dollars, opening three times to make 1000 dollars each time is not a problem at all. This is how the dog trader operates, others might even have options configured. For a coin with such a high funding rate, this is the only solution. Never just go long or short on this coin unilaterally. This coin is in a cycle of mutual annihilation between long and short between 0.3-0.45, constantly cutting the retail investors. For the trader, a full meal is still a full meal, think about it. Each rebound of this coin is triggered by the dog trader seeing the big picture rising, he closes the short position which causes a rebound and attracts retail orders, then the spot market quickly eats up those orders. Therefore, each rebound lacks strength. @newt#Newt
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