#比特币流动性 Shorting $Pippin on this trade, and I got slapped in the face. It seems like a simple operation, but in reality, you have to pay the funding fee every hour. Watching $BTC, $ETH, $SOL and other mainstream coins fluctuate while your position gradually shrinks due to continuous funding costs. This is the true picture of shorting — not only do you have to bet on the right direction, but you also have to contend with time costs. When liquidity is abundant, it looks easy; only when you hold a position do you realize what "inch by inch blood" really means. Sometimes losing money isn't the most painful part; what's hardest is bleeding every hour.