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$XION From a risk-management standpoint, taking a 5x short position is essentially reckless unless you’re trading on a sub-hour timeframe. A 20% adverse move wipes you out through liquidation, and with funding rates sitting around 2%, your position is mathematically bleeding out. In practical terms, you’re looking at an effective “forced exit” within roughly 10 hours even without price volatility.
Anything beyond ultra-short-term scalping makes shorting under these conditions objectively irrational.