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$LSK LSK crashed quite decisively today, down 13.04% in 24 hours, currently priced at 0.3493, dropping straight from 0.4862 to 0.335. But the most striking thing isn’t the drop, it’s the fee rate—-0.1525%, negative, and deeply negative! This means shorts are effectively paying longs. Such an extreme negative fee rate often indicates a crowded short position, with strong pressure. Open interest also fell by 7.1%, longs are cutting losses and fleeing, it looks really grim. My view: don’t rush to bottom-fish, catching a falling knife is a life-risking gamble. But shorts shouldn’t be too pleased either; with such a deep negative fee rate, once a rebound happens, shorts will have to collectively close positions, and that scene will be intense. This asset is a minefield right now, watch more and act less. $LSK