Because of the new Binance Funding rate mechanism , we are looking at a exchange induced alt season. take a look of important Binance announcement about funding rate in April 25th.
Any max funding in futures, will trigger 1h frequency funding, this makes impulse move last longer and more volatile. and more crazy move like TRB,BLZ,OM,ORCA,ALPACA,AUCTION,VOXEL
VOXEL is built from the bottom up, and when it reaches the upper limit and the funding rate but has already taken profit, it will switch hands and reopen because opening a moving robot, if it continues to be bullish, the moving grid brings very little profit, it is better to reopen a new position for the directional robot.
Why not set the upper limit high enough all at once? Because the risks are different. Maintaining a 2-30% profit-taking range and reassessing whether to re-enter at the point is the least risky, however, the risk of a -2% rate is now lower, and the exchange encourages the contract price to chase the difference with the spot price.
TradeID #504 - ETHUSDT Manually Closed With Profit Reason: 1200 eth will come . that was not the bottom, close, keep spot portfolio dormant, and be patience --- Performance: Entry: $1387 CloseNowAt: $1579.38 Remained Position Performance: profit before leverage 13.87%
From $108M Fund to $3.5B Rug – The Mantra Meltdown
Just six days after announcing a $108M fund for DeFi and RWA projects, today the Mantra team dumped 90% of circulating $OM, deleted their Telegram, and erased a $3.5B market cap.