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【Leek Psychology🥬】
$RAVE It should be coming to an end. I bought the spot at 1.38, now the price is half of that! Even if it just rose to 1, I would still be heavily at a loss. The contracts are almost all long positions, and the funding rate isn't high, indicating that 🐶 the big players hold a large amount of inventory, but the contracts are mostly long, with not many short positions to fuel the price surge. Most likely, they just push the price up with high leverage long positions and then let it fall. When it drops to a suitable level, 🐶 the big players probably will push the market up again. During this process, they might be just eroding the longs with funding fees.
#Gate广场五月交易分享