Having seen such market manipulation techniques, there are indeed not many. I'm talking about a certain coin's whale; their trading ability is truly outrageous, surpassing some well-known whales' methods. Can you believe someone still dares to go long with high leverage at a funding rate of 1.5? They simply wouldn't dare.

My own judgment is that the 2.5 level is a high position, but honestly, I only dare to do some swing trading. I shorted from 1.6 all the way down to 2.3, opening over a dozen orders in between, all profitable, earning over 300 US dollars. It looks pretty good. But the most heartbreaking part is—I thought the whale would hold out until midnight before starting to dump, but it turned out they dumped right during the day. This timing sense is truly something.

Looking back, when the funding rate is so high, ordinary retail investors simply can't participate in this level of game. The depth of the opposing side's orders and timing choices in the market are completely on a different level from what we imagine.