$PUFFER Short immediately! It surged nearly 60% this morning, and when it first started rising, the funding rate was already a significant negative number. At that time, retail investors were all chasing longs, but such a large negative funding rate indicates that the whales had built a large number of short positions. Sure enough, after a short rise, the whales started dumping. Now, the 1-hour chart has been falling consecutively, and it may drop below the initial surge price.
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$PUFFER Short immediately! It surged nearly 60% this morning, and when it first started rising, the funding rate was already a significant negative number. At that time, retail investors were all chasing longs, but such a large negative funding rate indicates that the whales had built a large number of short positions. Sure enough, after a short rise, the whales started dumping. Now, the 1-hour chart has been falling consecutively, and it may drop below the initial surge price.