#KITE is arguably the most heavily manipulated project this year. I opened a few long positions a few days ago, and the high funding rates have been giving me 220U every 4 hours through position control. This high funding rate has been maintained for 5 days now! So far, spot buyers are making money, long traders are making money, and the only ones losing money are the retail traders who shorted at low prices! I'm using hedged long positions, and I no longer recommend opening new long positions now! A waterfall drop could happen anytime!
#KITE is arguably the most heavily manipulated project this year. I opened a few long positions a few days ago, and the high funding rates have been giving me 220U every 4 hours through position control. This high funding rate has been maintained for 5 days now! So far, spot buyers are making money, long traders are making money, and the only ones losing money are the retail traders who shorted at low prices! I'm using hedged long positions, and I no longer recommend opening new long positions now! A waterfall drop could happen anytime!