In theory, fees should not exist. The speculation of contracts, whether bullish or bearish, does not actually result in buying or selling the cryptocurrency; it is merely a gambling behavior. This kind of gambling should not affect the price of the coin. It's like rice costing 2 yuan per pound. If you and I each take out 100 yuan to bet, I bet it will go up and you bet it will go down. Our betting behavior will not affect the price of rice; the outcome, who wins and who loses, and how much is determined by the market price of rice.

#巨鲸动向 Mystery little K has been bombarding the funding fee issue of altcoins these past two days. It seems that profits have already been squeezed out, and it is about to hurt the principal.
What I want to say is that it is reasonable for altcoins to charge high funding fees.
Because many big players think that opening a leverage position and just hanging there, raising the liquidation price to a position where it is impossible to be liquidated, is fine since the ultimate outcome of altcoins is zero (this is a basic consensus). So, should retail investors still play?
High funding fees are meant to deal with these big players who do low leverage shorting and wait for things to go to zero.
Altcoin operators will definitely manipulate the market. When you realize this, you should cut losses, reduce positions, exit, or even reverse, because even mainstream coins will have market manipulation, just not as obvious as altcoins.
When encountering a strong altcoin operator, decisively admit defeat and stop loss is not shameful.🤣
Additionally, $PIPPIN I was shorting when it was at 0.09, and the result was a loss. At that time, I was also holding onto the thought that 'after all, altcoins will eventually go to zero.'
These past two days have been busy watching the drama, with one side being the KOL battle and the other side being big players hunted by the dog operators. Of course, it cannot be ruled out that it is a ploy by the dog operators; after all, it’s just for amusement.🤣