$SIREN 0.8 crossed sideways today, tomorrow it might go to 1.0. The market maker has been consistently opening long positions without delivering spot merchandise. The spot market maker is just moving money between their left and right hands. When a real crash happens, it will definitely be when the market maker has opened short positions on all their accounts. At that point, the funding rate could be maxed out at -2%.
$SIREN 0.8 crossed sideways today, tomorrow it might go to 1.0. The market maker has been consistently opening long positions without delivering spot merchandise. The spot market maker is just moving money between their left and right hands. When a real crash happens, it will definitely be when the market maker has opened short positions on all their accounts. At that point, the funding rate could be maxed out at -2%.