Feels like coai is crushing some opposing team. Gate just hit a high of 18, while Bitget went up to 20. Now, only Bitget spot is somehow still holding above 18, while the contract prices on other exchanges are just around 10. The basis difference is hitting 50%—I have no idea which team is going to take the hit, but I feel like the big volatility isn’t over yet. Either this coin gets completely wrecked, or the opposing side gets totally wiped out. Half an hour ago, I bought 30wu and bailed out 1 second before the funding fee was collected, still made a few thousand U. Then it dumped 30%—damn, that was intense. Let’s see how this thing performs tonight, gotta broaden my horizons.