🤯 It's a rare sight: a 1% funding rate per hour, what does this concept even mean?
This morning, it seems that the entire cryptocurrency data observers were shocked by $RIVER .
A funding rate of 1% per hour has somehow been maintained for so many hours! This means that if you hold a short position, nearly 24% of your principal will be deducted every 24 hours. Such extreme basis and sentiment are indeed rare in the recent market.
📊 The extreme fragmentation of data: a funding rate of 1.5M per hour vs 1M liquidity
What is most chilling to consider is this data comparison:
* On-chain liquidity: About 1 million dollars.
* Hourly payment: It actually reaches 1.5 million dollars.
What does this indicate? The main battlefield of this battle is not in those thin pools on-chain, but in the contract game at top-tier exchanges. The capital volume is so large that it can completely ignore on-chain liquidity; this 'top-heavy' spectacle is exactly the battleground of fierce clashes between top players and market makers.
🛡️ Why is it said that 'Binance Square' is the last battleground for competition?
Having seen so many platforms, I finally discovered that the real gold and silver are right here.
* User quality and scale: Here, there is no false prosperity characterized by mere talk; instead, there are real players with top-tier capital and solid orders.
* Liquidity depth: While other platforms are still struggling for millions in liquidity, the contract depth and payment scale here are already processing hundreds of millions every hour.
* Intelligence hub: Every word from project parties, market makers, and KOLs here may be linked to liquidity worth millions.
💡 An excellent hunter is always solitary and precise.
Watching friends around me layout #XAU silver since the end of last year, and now achieving great success on $RIVER contracts (from around 7u layout contracts to now), I can't help but exclaim: The realization of cognition and patience often happens in that instant.
In this extreme market situation, do you choose to watch the gods fight in the square, or have you already zeroed in on the next entry signal? In this game of payment, who do you think will be the final winner? Feel free to leave your logic in the comments.