$C
This is why short positions on this token continue to make money and are not getting squeezed or liquidated:
Increase in futures short positions
• Continuous spot selling
= Price upside suppressed 📉
Since the foundation’s main objective appears to be selling into the market, the moment you get misled by the negative funding rate and switch to a long position, you are likely to get liquidated by the massive spot sell pressure coming from them.
Thank you, #Chainbase foundation. 😄