Trump has accumulated a 50% gain, and the funding rate has reached -0.2%. Here's a reference for those who shorted the top:

First, there are two expectations for the dinner game event: one is announcing the dinner activity, which has basically been monopolized by news traders and dog houses that buried positions early. The other is waiting for the dinner to begin, value reverting to where it came from.

Most people missed the first wave of the pump—they didn't dare chase 20-30% gains, so they could only short instead. After all, it has to drop eventually, and if you don't position early, one red candle might wipe out all your expectations.

Because of this mentality, shorters have been accumulating all the way, causing the funding rate to become increasingly negative.

But rallies always have their limits. Last year's bull market pumped 70%, and now it's already up 50%+. You know, we're in a bear market now.