January's performance of
$RIVER was indeed quite fierce. The FDV is almost 400 million dollars, yet the funding rate remains in the negative zone at -1.7%, with short sellers paying funding fees every hour.
Looking back at the 30-day performance, the increase is nearly 10 times, a pace that is indeed rare in the current market. The craziest part is that yesterday alone, over 6 million USD in short positions were liquidated within 24 hours, making it almost impossible for those trying to bottom fish or bet against the market to survive.
Such an extreme negative funding rate indicates that the b