Man we regular folk getting fucked around
Another one of those funding shenanigans playing out on $BTC
Longs puke right before causing the dip, then rebuild immediately after funding, causing a full retrace. Observable in the OI.
Also s/o to @quantfiction for confirming this empirically (https://twitter.com/quantfiction/status/1217835674361126917?s=20 …)pic.twitter.com/j8rYysGcA9
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This has been going on for at least a year. One of the first things i noticed when I tried Bmex a year ago...
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Yes, it's just been a lot more pronounced lately.
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same on binance..
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You can see the descent begin from the previous bar.
End of conversation
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finally some quality content on twitter
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My guy really came out swinging with the blurred screenshots. Mathematics PhD Tai Lopez lookin-ass.
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Risk is that your avg price to rebuild the position is higher than your exit to dodge the funding. Then it’s a comparison of funding saved v fees + slippage with market movement.
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