From the current perspective, it is not much different from the post released last night. The market maker has not yet withdrawn and is still violently pumping to eat the funding rate. Everyone should stop shorting as it keeps going down. A sudden change in the rate can wipe out many people, and the market maker has always operated this way. The long-short equity strategy has left bearish traders suffering, unable to leave or stay. Follow the elephant's suggested levels to avoid getting liquidated!