November 12, 2024

Brothers, the price has risen too much. I have to keep an eye on this market. I will update today. In short, I want to pour cold water and remind you of the risks. The main logic is as follows.

1. Many coins have risen too fast. Dogs doubled in one day. It is not good to rise too fast. They often have to step back to consolidate the price.

2. The funding rate has skyrocketed. It has reached 100% in the past year. This is a risk signal. I am arbitrage madly. If you are interested, please read my pinned article.

3. The bull market has plummeted. The risk of short-term retracement is high, but the bull market has been formed. Reducing positions is to avoid short-term risks. Of course, don't be anxious if you want to buy the bottom. Wait for a wave of retracement. This is more reasonable.