2026-01-23 02:49:14

As soon as the market opened this morning, I saw that the fee rate had already gone negative. How many people are clearing out this coin in this wave of market movement?

Generally speaking, when the trading fee rate drops to a negative value, it indicates that market participants are extremely bearish, with a large number of shorts leveraging to sell, causing the fee rate to invert. Such extreme situations are uncommon, but when they occur, they often reflect severe disagreement in market consensus.

Does this mean there is a problem with the coin's fundamentals or technical aspects? Or is it just short-term panic emotions at play? From the holdings data, the short bets are indeed very aggressive. This naturally reminds people of the last time the fee rate was this extreme—what was the subsequent trend then...

Are some coin holders just waiting for a rebound opportunity to escape, or have they truly lost all hope for this coin's future?

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LightningHarvester

· 6h ago

Negative fee rate? Isn't this just a carnival for bears, really smashing the market --- Oh my, how many people have been saved, a wave of panic selling --- Inverted fee rate, I knew something was going to happen --- Wait, is this a sign of a rebound or is it really going to crash --- Wow, opening the market with a bear feast, this coin is probably doomed --- Basically, retail investors are scared off, institutions are accumulating --- Looking at this trend, the rebound is just a fake rebound, continuing to decline --- The moment the fee rate turned negative, I should have run, now I can only wait for death --- Are these people really bearish or just acting? Who knows --- Clearing out? I’ve never bought, just watching you all play --- How many times has a negative fee rate appeared? Each time, it’s the last frenzy before a fake rebound --- Smash the market if you want, anyway my holdings have already gone to zero

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NFTDreamer

· 6h ago

Negative fee rates, huh? That means the bears are really getting carried away. What else could it be if not panic? --- Is this another round of liquidation? Feels like this coin is going to be completely cooled off... --- I've seen negative fee rates before, but this wave is really intense. Is the fundamental really collapsing, or are players collectively throwing a tantrum? --- Looking at this situation, many people probably want to sell on the rebound. To be honest, I'm a bit panicked too. --- With such a fierce short squeeze, it feels like the bottom hasn't been reached yet. Let's keep observing. --- Is the entire market shorting this coin? Should I do the opposite and try to profit from it, haha... --- Negative fee rates this extreme mean either a big rebound or a complete collapse. --- What happened last time fee rates were this extreme? I think I remember it actually went up afterward? --- Liquidations on one side, short positions on the other—this coin has been played to death. --- Negative fee rates indicate what? It means the consensus has completely broken down; everyone is fighting their own battle.

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UnruggableChad

· 6h ago

I've seen negative fee situations several times. Each time, when the bears are overly confident, they tend to be easily caught in a reverse squeeze. I don't have much confidence in this coin, but it's a bit hasty to clear the position at this level.

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