If you have been doing this in the past few days,$RIVER , then your current state might be similar to mine: looking at an empty account, lighting a cigarette, and my hands are still shaking.
I wrote this short essay not for anything else, but to see if there are still like-minded people in the square, whether everyone has fallen for this so-called 'Fairy Rate'.
1️⃣Luring Trap🪤: That Damn Negative/High Rate🪤
The beginning of the story is always beautiful. I glanced at the funding rate of RIVER, and my heart skipped a beat. That number was so exaggerated, it was practically screaming 'Come pick up money'🤑 in big letters.
I thought, 'This wave is stable. I should hedge or take this extreme funding, isn’t it nice to lie down and earn interest?' 🤔
I even spent half a day with a calculator, figuring out how much U I could earn every 8 hours. The annualized return, even Buffett would shed tears, and Wall Street would fall silent. I felt like I had grasped the wealth code of RIVER, even mocking those naked betting in the secondary market for not understanding 'finance.' 🤣🤣
2️⃣Nightmare begins: The dealer's 'electrocardiogram' drawing method.
But I forgot the simplest truth in the crypto world: what you care about is the dealer's interest, while the dealer cares about your principal. 💀
Not long after opening my position, RIVER’s K-line started acting up. It’s not trending; it’s **'drawing doors' and 'pinning'**! ‼️
‼️Up and down pinning: The market is as stable as an old turtle, but RIVER is like it's been injected with adrenaline. It surged 10 points in one minute, only to crash back to where it started the next minute. My P&L feels like a roller coaster; one second I'm in profit, the next I'm on alert.
‼️Targeted explosion: The most disgusting thing is that whenever it nears the funding settlement time, the dealer starts causing trouble. That kind of volatility is not for trading; it's purely to sweep stops, to blow up those of us who want to eat the high leverage funding!
3️⃣Final harvest🔪: This is not a river; it's a tsunami!
Just last night, I thought the liquidation line I set was far enough, safe enough. 🤓👍
As a result, RIVER at this position suddenly came in with a heavenly pin without any warning. That pin looked like it was going to pierce through the phone screen. There was no good news, no logic, just pure violent pumping, and then an immediate drop. 😂
It was just at that moment that my phone popped up the most unwanted message:
‼️'Position has been liquidated'‼️
I watched helplessly as that pin finished, and the price returned to the vicinity of my opening cost. If I hadn’t been blown out, I would still be lying down earning funding. But the dealer accurately calculated my position, pushed me off the car, and then left. 🌊
4️⃣Summary and looking for 'corpses' 💀
🌟Reviewing RIVER's recent operations, it's a typical 'trap for bulls/bear trap massacre.' By using exaggerated funding rates to lure liquidity in, and then leveraging the low liquidity features of small-cap stocks, they repeatedly pin and clean out all those doing swing trading and arbitrage.
🌊RIVER, named river, but the water is deeper than the sea.🌊
I accept this loss as a cognitive tax: in the face of absolute control, all technical analysis and arbitrage models are jokes.
Brothers in the square, has anyone also been made submissive by RIVER's wave of 'acupuncture' techniques? Report in the comments, let me know that on this cold night, I'm not alone on the rooftop blowing in the wind. 😭😭
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