The legendary RIVER, talked about it so many times—the king of negative funding fees, hitting new highs again. As someone who made money shorting other altcoins last year but also lost a lot, I can spot a market like this at a glance. Extreme control, extreme wealth. You think it’s about to unlock and you can short it, but it’ll pump hard and liquidate you. There are still plenty of people who think they’re clever, trying to hedge for an 8% price difference, only to end up getting liquidated. Now, for the project team, launching spot trading has no cost-effectiveness anymore; only launching contracts can squeeze out money. Today, nearly 10 million worth of short positions got liquidated, and every time they pump the price, it’s during China’s early morning hours. Guess why?