New week, new markets.
Here’s what went live on BitMart Futures last week 👇 https://t.co/P4zuIxIA9D
New week, new markets.
Here’s what went live on BitMart Futures last week 👇 https://t.co/P4zuIxIA9D
Can we buy it? lol
Can we just buy it on Bitget? https://t.co/8EDRPHy5C8
This market is being thoroughly manipulated by the airdrop point program.
In reality, $SPACEX trades at around $400 on the OTC Market, yet on Ventuals HIP-3 Market, you can inflate the FDV to 200B with just a $20k-40k.
Looking at short position liquidity makes it simple.
The reason shorting is extremely disadvantageous is as follows:
1. The moment you short, you cannot liquidate your position at market price because market orders are impossible when the price exceeds 20% of the Oracle Price.
2. There is no counter-position liquidity for shorts. Not even a few thousand dollars' worth of liquidity exists.
3. Even at 20% of the Oracle Price, the funding rate only maintains an APR of 50-100%. This means that even if the price rises to 20% of the normal price, you only pay a cost of 0.3% per day.
The team is enjoying the viral situation created by the price increase. It's a very unhealthy sight.
@ventuals @paradigm