$STXX has fallen 3.425% over the past 24 hours; the price is around 808. The funding rate is -0.00029251, meaning the shorts are paying the longs. The price drop combined with negative funding is a typical sign of short accumulation, strengthening the bearish consensus.
If the price continues to drift downward, long position holders will face a double hit—losing on both price and funding fees—forcing them to stop out and exit. Currently, the open interest is 1520.88. If the price rebounds to the prior high, these shorts’ stop-loss orders could be triggered, potentially sparking a short squeeze.
Trading tag: #TradFi #链上美股 #STXX
Where do you think this analysis is most likely to be wrong?
If the price continues to drift downward, long position holders will face a double hit—losing on both price and funding fees—forcing them to stop out and exit. Currently, the open interest is 1520.88. If the price rebounds to the prior high, these shorts’ stop-loss orders could be triggered, potentially sparking a short squeeze.
Trading tag: #TradFi #链上美股 #STXX
Where do you think this analysis is most likely to be wrong?