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Yesterday's market movement was quite outrageous. Among the top gainers, RIVER and some small coins took turns leading the charge. At one point, I thought I had caught the bottom, but what happened? The profits were forcibly pushed back out.
Honestly, I haven't been this serious about shorting altcoins in a long time. I just realized that funding rates are practically a nightmare. Those contracts that seem to be skyrocketing can have funding rates behind them that could bankrupt you. The cost of holding a short position long-term can't be offset by volatility alone.
This is the current market rhythm—when prices surge, funding rates go through the roof, and shorts can't withstand it; when the market finally corrects, it's already too late. These days, trading requires paying close attention to funding rate changes to stay on top.