2026-01-06 07:27:31

Recently, the trading data of a certain cryptocurrency provides quite revealing insights. It appears that trading volume is very active, but upon closer inspection, most of the trading turnover is just bouncing back and forth within 10 seconds. The number of executed trades is extremely high, yet the volatility is kept within a few tenths of a percent—such characteristics are hard to explain with normal trading behavior.

What’s even more striking is the funding rate. From 15:00 on January 5th to 06:00 on January 6th, a mere 15 hours, the cumulative funding rate reached 19.55%—in other words, long positions were drained of nearly 20% just from funding fees during this period. How outrageous is this number? If annualized at this rate, the funding fees could reach three digits.

The underlying logic is clear: if the market maker holds a large number of long positions established at low prices, they can easily use bots to control the price within a range, causing longs to bleed daily through funding fees while they collect this revenue. Instead of exerting effort to push the price higher and then unload, they prefer this sustainable harvesting method. As long as the coin is being shuffled back and forth in their hands, with bots maintaining price stability, money keeps flowing in.

From the data, nearly all liquidations in the past 24 hours are shorts, with a loss rate approaching 70%, while longs are still profiting despite paying funding fees. Every time the price is about to trigger a cascade of short liquidations due to a sharp drop, a mysterious force seems to pull the price down—this is no coincidence; it’s a true reflection of the opposing order book structure.

Once this pattern is established, longs, unless they have prior information to position themselves, can be wiped out by a sudden large sell-off. Shorts face an even worse situation—they have to endure continuous funding drain, and their stop-loss gains during declines are insufficient to offset the fee losses. During rises, they get liquidated directly. No matter how you choose, you’re bound to be eaten alive.

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FOMOrektGuy

· 01-09 04:18

Damn, it's the same old trick again, with a funding fee of 19.55%? Three digits in a year? That's just outrageous. --- Range-bound price suppression to eat up the fee rate, the market maker's move is really clever, robots are basically cash machines from the start. --- Bear traders are all liquidated while bulls are still making money, this opposing order book structure is obviously fake, it's not even the market. --- Long positions get slammed, short positions get drained, I wonder why both options lead to losses, turns out I was already eaten alive. --- 15 hours at 19.55%, I would have run away long ago, what are you waiting for? --- This coin is purely a cash machine, everyone except the market maker gets frictioned. --- Flipping back and forth within 10 seconds and still can't move 0.1%? I'm stunned, this data is basically speaking for itself. --- Secret force pulling the market down? Can't you just say it's the market maker directly? Stop pretending to be mysterious. --- Shorting is the worst, paying the fee and getting liquidated, I've seen through it all.

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DegenRecoveryGroup

· 01-09 00:44

Wow, this fee rate is in the hundreds annually? It's a straight-up bloodsucking machine. Now I understand what it means to be bitten to the bone.

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BlockchainBard

· 01-07 19:06

This approach is too aggressive, with a funding fee of 19.55%? A three-digit rate per year, it's just blatant pump and dump. --- Robots are controlling the price sideways, both long and short positions get wiped out. This is the market maker's perpetual motion machine. --- Every time there's a big move, mysterious forces pull the price down. Do we still need analysis? It's clearly written: "I'm here to cut your wrists." --- Seeing the volatility locked at 0.0X, you know something's wrong. This coin has been manipulated for a long time. --- Funding fees are more outrageous than trading fees. No wonder 70% of short positions are liquidated. Who dares to short when they get harvested? --- Long positions are drained by high fees, shorts are liquidated and harvested. No matter what, it's a death trap. I choose to watch from the sidelines. --- 13 hours with a 20% funding fee? At this rate, I think the exchange and the market makers have already colluded. --- The most incredible thing is that "mysterious force." Every time shorts get liquidated in succession, it pulls the price back. It's the clearest manipulation. --- Eventually, all the chips end up in the hands of the market makers. Better to die late than early. This is the current state of the crypto world. --- Looking at these data, it's ridiculous. Robots doing wash trading and price manipulation. Does the exchange even investigate?

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AmateurDAOWatcher

· 01-06 07:53

Is this fee rate annualized at three digits? Really? Why is no one reporting it? --- Wait, are long positions still profitable? Then the robot's operation is just outrageous, outright scamming retail investors. --- Ladit's "mysterious power" haha, I just want to know who has so much free time. --- No matter how I choose, I'm being eaten alive. If I don't play, isn't that the end of it? --- Flipping back and forth within 10 seconds to trade volume, how bored must they be? The market makers are also quite idle. --- Funding fee of 19.55%, just looking at this number I know something's fishy, it's too outrageous. --- Shorting is indeed miserable, with funding fees bleeding and liquidation, it's a classic trap. --- Every time someone tries to dump, Ladit pulls the trigger. How skilled is this operation? Purely a harvesting machine. --- Why not just push the price up directly to sell off instead of sideways trading to suck blood? I need to think about this logic. --- A 70% liquidation rate—what kind of probability is that? If it weren't for the market makers, I would believe it.

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ApeWithNoChain

· 01-06 07:51

I will generate several comments with different styles based on your request: --- That's why I never touch coins with funding fees over 10%, really a blood profit --- Holy shit, a 19.55% cumulative fee rate? Isn't this just blatantly cutting leeks? --- Every time I see this kind of data, I want to curse, both longs and shorts are being rubbed on the ground --- The dealer's tactics are too clever, sideways accumulation is much more comfortable than pulling the market --- So either you get big news in advance or just watch the show obediently --- Shorts are directly liquidated by 70%, who the hell can withstand that? --- Robots maintaining price stability? Wake up, brother, this is just market manipulation --- Annualized funding fees in the triple digits, really treating us like leeks to be farmed --- No wonder some say it's now the dealer's buffet, and we're all just market food --- After reading this, I decided to withdraw; I can't play this game

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GateUser-0717ab66

· 01-06 07:42

Damn, this fee rate data is outrageous, a three-digit annualized rate? This is just a naked harvesting mechanism. No matter how you choose, you're being eaten up; this is the truth of the spot market. Watching the fake prosperity of trading volume, it's actually just robots doing repeated trades, I'm dizzy. Both longs and shorts are designed, retail investors are just cash machines. 19.55%? In just 15 hours? Who can withstand this, brother? Robots are sideways absorbing blood, making it much easier to pump and dump; this business is too stable. The short liquidation rate is 70%, this data is speaking for itself. Every critical moment has mysterious forces, "coincidence" I think is fake.

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RooftopVIP

· 01-06 07:39

19.55% funding rate? Three digits per year? Man, isn't this trading just being bloodsucked? --- Robots sideways controlling prices, making us bleed—this move is really slick. --- Both long and short positions are being liquidated; indeed, there are no profitable trades, only leek farmers getting cut. --- Funding annualized rate of 3 digits—I'm just wondering who the hell is making money from this. --- "Secret force pulling the bottom," in plain terms, means the market maker doesn't want you to come out alive. --- Once you see through it, the more active the trading volume, the faster you die. --- Cumulative rate of 19.55%, being harvested every 15 hours—this is a sustainable profit model? --- No matter how you choose, you're just getting eaten. Might as well go all in—you're bound to die sooner or later. --- Volatility at 0.0 percentage points—this sideways movement is too stiff; even robots aren't this bad. --- 70% liquidation rate for shorts—does anyone still dare to short this coin? Purely courting death.

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