This contract on Binance is really interesting. It's been at least 2 years since I've seen a group of people shorting while getting liquidated. The last time was around mid-2023.
#MYX is currently facing a -1.9% funding rate, charged every hour, which is quite rare in the past two years. Looking back to mid-2023, several "meme coins" were facing a -2.5% funding rate, and they only dared to charge every 4 hours, but now it's every hour.
So shorting this represents not only the risk of liquidation but also the torment of being frequently charged funding rates. I advise you all to be cautious.
Back in the day, the #ALPHA token and a few others (I forgot their names) were quite notorious.
It was also the operations of several strong control contracts in 2023 that made DWF famous.
August 5 Crypto Comprehensive Daily Report
Introduction:
Macroeconomic data weakens confidence in economic stability, stock market earnings reports show some optimism stabilizing U.S. stock trends, and the market remains in a cautious state.
Will the final results of the China-U.S. trade negotiations this week boost market morale? #Bitcoin encounters ancient whales selling off again, the market is relatively desensitized, with yesterday's ETF net outflow, yet BTC has not broken new lows!
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