This Night is really disgusting. The dealer is pulling the market, and on top of that, they made the funding rate negative. This means short sellers lose margin every 4 hours. This coin is really frustrating; even hedging isn't stable. It's almost impossible to get liquidated when shorting, but with a negative rate, they directly deduct your margin. I'm really speechless.😥

The negative rate is paid by the short sellers to the long holders, with the longs receiving money and the shorts paying. Hedgers and short sellers are getting wrecked, with direct deductions from their margin. If it goes on for too long, they will definitely get liquidated, as their margin will be fully deducted.

$NIGHT