$NVDL fell 2.362% over the past 24 hours; price is 34.31, and the funding rate remains at the zero line.
Although the price has pulled back, the funding rate has not fallen to negative values, indicating that the short side on the derivatives side has not made any large bets. This round of decline is more likely driven by sell pressure originating from the spot market, with a lack of bearish consensus in the futures/contract market to amplify the move. Open interest at 4375.66 showed no unusual activity, confirming the institutions’ wait-and-see stance.
Single-signal interpretation: spot sell pressure dominates. If the price continues to move downward but the funding rate still does not turn negative, it can be viewed as a sign that the spot sell-off/cleanse is complete and that contract shorts are unwilling to follow through.
Trading tag: #TradFi #链上美股 #NVDL
Where do you think this assessment is most likely to be wrong?
Although the price has pulled back, the funding rate has not fallen to negative values, indicating that the short side on the derivatives side has not made any large bets. This round of decline is more likely driven by sell pressure originating from the spot market, with a lack of bearish consensus in the futures/contract market to amplify the move. Open interest at 4375.66 showed no unusual activity, confirming the institutions’ wait-and-see stance.
Single-signal interpretation: spot sell pressure dominates. If the price continues to move downward but the funding rate still does not turn negative, it can be viewed as a sign that the spot sell-off/cleanse is complete and that contract shorts are unwilling to follow through.
Trading tag: #TradFi #链上美股 #NVDL
Where do you think this assessment is most likely to be wrong?