Looking at those big players who are buried at the bottom, now they're proud—having eaten the funding fees.

The one-hour funding rate is approaching 1%, and this pace can’t continue forever. To be honest, between the dog whales and the big players, one side will eventually give in. You don’t want to close your position? Fine, then we’ll use the funding rate as a dull knife to slowly grind down. The side without unlimited bullets will be gradually worn down by the cost of living. What if both sides stubbornly refuse to back down? In the end, the ones who will laugh last are most likely the leading trading platforms providing liquidity.

There are even people in the market who speculate that PIPPIN’s chart has been manipulated, possibly by certain key figures playing psychological warfare. What do you all think? How much longer can this game go on?