The spot price is lower than the contract, and the funding rate is also negative. Can you explain this?
赚个哈苏X2D
--
$PIPPIN Let me give you all this group of novices another lesson. The generation of fees is not determined by the number of long and short positions, but by the price difference between spot and contract. As long as the 🐶 operator has a high level of control, the fees will be maintained. The operator's goal is to kill both the bulls and the bears. Once there are no bears left, they will turn around and attack the bulls. Therefore, even if you are a greedy bull eating the fees, you must set a stop-loss price to avoid going to zero.
After doing some research, I can basically confirm that this project is a typical domestic scheme.
This malicious liquidation method is very consistent with the common trading patterns seen in Malaysia. European and American institutions generally do not dare to operate this way— the risks are too high, and if something goes wrong, they will be dealt with directly; those who dare to do this are mostly teams familiar with the gray tactics in Southeast Asia.
As for how this violent attack is accomplished?
The core lies in weak liquidity. Their primary market spot trading volume is extremely low, for instance, the liquidity is only 1 million USD, and the sell orders are even only 200,000 USD. Under these conditions, the operator only needs to place a large sell order at a price of 5.0 to artificially set a price ceiling.
When they are ready to carry out a "liquidity attack," they will directly use market orders to sweep all the sell orders in the market, consuming all the way to their own 5.0 sell order. This way, the first round of price increase is completed. Subsequently, they will continuously distribute from 5.0, crashing down to their preset bottom, and then place large buy orders there.
The final effect is a typical "needle + diving." In the futures market, this kind of trend is almost devastating: both longs and shorts will be liquidated simultaneously, with no room for response.
I want to emphasize that this type of trading method is essentially illegal or even unlawful. It's just that in Malaysia, this kind of gray play is almost unregulated, combined with the overall lack of order in the cryptocurrency space, which is why they can act recklessly.
Binance will launch IRYSUSDT U-based perpetual contract (2025-11-27)
This is a general announcement; the products and services mentioned here may not be applicable in your region. Dear user: In order to provide more Binance contract trading options and enhance user trading experience, the Binance contract platform will launch the perpetual contract at the following time: November 27, 2025 00:00 (UTC+8): IRYSUSDT perpetual contract, maximum leverage up to 20x More information about the above perpetual contract is shown in the table below: U-based perpetual contract IRYSUSDT Launch time November 27, 2025 00:00 (UTC+8) Underlying asset Irys (IRYS) Contract address
Could that big shot give some guidance? Is there a method to achieve a risk-free annual return of around 8%➕? I'm afraid to play with contracts anymore.
$BEAT observed for a few days, this is specifically targeting the air force, always stuck at two-thirds position to lure shorts. As long as heavy positions are taken short, the庄 will push the price up. There is basically no top. Ant positions can play around a bit.