2026-01-05 20:52:51

RIVER just broke through $20, with the spot price directly surging to $20.5751 on a major exchange. Interestingly, the liquidity of the entire spot order book is surprisingly thin — only 2-3k in capital is needed to move the price by 1-2%. Under such conditions, shorts are precisely targeted, with liquidations happening continuously. Market participants are clearly intentionally creating this volatility. As a result, negative funding rates continue to rise, reflecting that longs are becoming cautious while shorts are being repeatedly liquidated. This low liquidity, high volatility scenario is exactly when the arbitrage pressure between exchange spot and derivatives is at its peak.

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DeFiAlchemist

· 01-08 20:52

the liquidity void speaks volumes... 2-3k moving 1-2% tells you everything about the order book's fragility. it's almost alchemical how they're transmuting volatility into liquidation cascades. shorts getting precision-hunted while funding rates scream negative—classic value extraction architecture. the spot-derivatives arbitrage pressure here is *chef's kiss* for those with nerves of steel.

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LoneValidator

· 01-08 20:47

Just 2-3k can move 1-2%? This liquidity is too crazy, should have moved out long ago.

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FlashLoanLarry

· 01-07 10:26

Can you move 1-2% with just 2-3k? This market is too thin, it feels a bit like it's being deliberately manipulated.

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liquiditea_sipper

· 01-05 21:23

Moving 1-2% with just 2-3k, the liquidity is really strong. No wonder the shorts keep getting liquidated.

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AirdropGrandpa

· 01-05 21:22

The short sellers got wiped out this round, being able to push the price up with just 2-3k. The liquidity is truly remarkable.

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ForkThisDAO

· 01-05 21:21

2-3k can move 1-2%, this liquidity is just too crazy haha

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BearMarketNoodler

· 01-05 21:10

This is a typical thin order book dump, moving 1-2% with just 2-3k. The bears have really been slaughtered in this wave. --- We've seen many situations with low liquidity; we're just waiting for a reverse move. --- Negative fee rates are still rising? Bulls should wake up; this is just the beginning. --- The arbitrage space between spot and derivatives is so large, institutions have already been taking advantage of the price difference, while retail investors are still chasing highs. --- Laughable, with such liquidity, they still dare to create volatility. Do they really think no one is watching the market? --- At $20.5, I knew a correction was coming; it was too obvious. --- Funding rates are the most honest indicator; when bulls start to run, it's a very clear signal.

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AirdropAnxiety