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RIVER's recent performance has been truly eye-catching, with consecutive new highs prompting many to follow the trend and go long. But there's a hidden meaning behind this—funding rates have remained high, indicating what? A large number of retail investors are rushing in to short, hoping to wait for a pullback opportunity.
This kind of situation is often a signal. The main force is using these high funding rates as a weapon, repeatedly squeezing retail investors' contrarian short positions, leading to daily heavy losses for the short side. The current upward trend is very fierce, and for those trying to bet against the trend, the risk is really high.
Have you heard this saying in the market—some whales use methods like limit buy contracts to make the upward price movement unpredictable? With this combination of tactics, short sellers are trapped tightly. In such a market pattern, chasing the rise or trying to top out requires extreme caution; even a slight misstep could lead to being cut.
From a technical perspective, RIVER is currently priced at 26.362 USDT, with the 1-hour support level around 18.75 USDT, approximately 28.90% below. The trend of BTC still needs close monitoring, as its movements often influence the overall market rhythm.