Makes sense 👍👍👍

$ALLO Supplementary explanation, why continue to be optimistic?
Let me share some valuable insights with everyone! This can be applied to most altcoins!
In the past, it was relatively simple for traders to pull up altcoins for profit; just pull up the price, and many people would follow. Pulling up was also easier, and then slowly offloading at the top. Now it's different. In the past year, there have been so many altcoins that retail investors have been burned and have become smarter. As soon as there’s a price pull-up, they run away. If the trader tries to pull up the price but no one follows, how can they profit?
Highlighting key points! Now the traders are buying spot while holding contracts, arranging huge long positions at low costs before pulling up the price. This way, people will short, and the funding rate will turn negative, meaning the short sellers will pay the long holders. For example, if you short and the highest funding rate is -2 for this coin every hour, if you open a $1000 position, you will have to pay $20. As you get trapped, your principal becomes trapped as well, ending up in the trader's pocket!
Some say, why not just close the position directly, which would earn more? Due to the shallow pool, if the trader closes the position, the price will plummet significantly, yielding hardly any profit.
For instance, when will this funding rate not be pulled to -2, and at that time, the exchange will cooperate with the trader, adjusting the funding to a harvesting rate every hour. Then, they start to consolidate, frustrating everyone, completely cleaning out the trapped shorts with the funding rate. At that time, the trader will have a big waterfall of profits and can directly run away!
{future}(ALLOUSDT)