2025-12-29 02:24:12

As we approach the last few days of 2025, it's still important to seize the opportunities that come our way.

Currently holding 200,000 $NIGHT tokens, I've mainly been shorting recently. Yesterday, I tried a tactic: using 50,000 short positions to catch a wave bottom, and I ended up closing at the lowest point—luckily, I got pretty close.

But honestly, one annoying thing about shorting is that the funding fees eat away at your profits day by day. This cost doesn't seem like much at first, but over time, the wear becomes more and more noticeable.

A couple of days ago, I paid attention to a big player's real trading activity on the exchange. Yesterday, he opened a short position on $BTC. Since opening, BTC only briefly touched 87,400, and during the remaining trading days, he's been floating at a loss. Currently, this floating loss has reached $74,000—definitely worth watching to see how he handles this situation moving forward.

From this example, it’s clear why large-scale investors mostly stick to trading BTC. Although choosing a single coin might seem monotonous, it offers deep liquidity, low slippage, and controllable costs. Over the long run, this approach tends to be the most profitable.

NIGHT7,87%

BTC0,05%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

16 Likes

Reward
16
6
Repost
Share

Comment

0/400

BlockchainBard

· 8h ago

Uh... the funding fee for short positions really can't be endured, I've seen too many people get wiped out because of it. The big players still hold onto their positions even with a floating loss of over 70,000... I can't learn that mindset. Honestly, it's better to stick with major cryptocurrencies; retail traders messing around with small coins always end up getting eaten alive.

View OriginalReply0

Blockwatcher9000

· 8h ago

Funding fees are really intense; the longer the time, the more bloodshed. Shorting isn't as good as just holding BTC; liquidity really makes a big difference. If the big shot's order doesn't stop loss, I'm afraid we'll have to wait until next year. The most annoying thing about short positions is losing money even while lying down; I just can't do that. Buying 200,000 NIGHT to bottom out is possible, but don't be greedy, brother.

View OriginalReply0

DAOdreamer

· 8h ago

Funding fees are really intense, watching the profits slowly get worn away... Short positions are just afraid of time dragging on; the 70,000 USD unrealized loss for the big players must be really uncomfortable. BTC liquidity is just deep; other cryptocurrencies, after playing around, still end up losing on costs. When luck is on your side, you can indeed catch the bottom, but a prolonged battle is simply no match for funding fees.

View OriginalReply0

StableBoi

· 8h ago

Shorting, the funding fee is really an invisible vampire, causing wear and tear that’s hard to ignore. 200,000 NIGHT tokens are quite resistant, but you still have to watch out for this BTC rebound. The big shot's short position is floating at a loss of 74,000... that’s probably why seasoned traders only stick to Bitcoin.

View OriginalReply0

DaisyUnicorn

· 8h ago

Funding fees, this bloodsucking flower... It looks insignificant but bites every day. Over time, it can take away half your life. The big shot's BTC short position is floating with a loss of 74k. This is a real-life lesson. A liquidity-rich garden is the way to go.

View OriginalReply0

Anon32942

· 8h ago

Funding fees are truly the invisible hand; the longer you hold a short position, the more uncomfortable it becomes. Look at the big shot's floating loss of 74k... That's the gambling mentality, better to admit defeat early and start over than to hold on stubbornly. 200k NIGHT tokens are not a small amount, but I still think BTC liquidity is really attractive; the risk of trash coins is too high. The biggest fear when bottom fishing is that prices keep falling. Yesterday's move was indeed lucky. The wear and tear from funding fees is no joke; over the long term, the losses can add up inexplicably.

View OriginalReply0