#数字资产市场动态 $DUSK today's trend is truly eye-catching. The price is surging strongly, and more importantly, the contract funding rate is rapidly falling to an outrageous -2%.

What kind of strategy is behind this? In the contract system of a major exchange, what does a -2% rate mean—shorts have to pay longs a huge fee of 2% per hour. Simply put, the cost of shorting is skyrocketing.

More and more shorts are starting to feel the pressure. Most of them are not really bearish on $DUSK's fundamentals; they just think "it's rising so fast, it needs a correction." But the -2% rate ruthlessly erodes profits every minute. When they can't hold on, their only option is to buy to close their positions.

This leads to a vicious cycle. Shorts buy to close → price continues to rise → shorts at higher prices start to get liquidated → they are forced to buy → price soars again. Those chasing the rally are actually betting that the market still has more shorts to liquidate—these liquidations are the "fuel" pushing the price up.

When the funding rate drops to extreme levels, the market turns into a hunt targeting the shorts.