$MUU 24 hours, price down 5.33% to 29.3, while the funding rate for the same period remains at 0. The price falls but the funding rate stays flat, suggesting the selling pressure is not driven by shorts aggressively opening positions to push the price down. It more likely reflects existing long positions closing and exiting, or spot selling.
Open contracts: 161,000 lots (by underlying). Compared with the current price, positions are still held, meaning there is still disagreement within the market after the decline. With the funding rate at 0, neither longs nor shorts need to pay for now, but as prices drop, long positions are in unrealized loss. If the downtrend continues, these longs may be forced to cut losses, which could further intensify the selloff.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?
Open contracts: 161,000 lots (by underlying). Compared with the current price, positions are still held, meaning there is still disagreement within the market after the decline. With the funding rate at 0, neither longs nor shorts need to pay for now, but as prices drop, long positions are in unrealized loss. If the downtrend continues, these longs may be forced to cut losses, which could further intensify the selloff.
Trading tag: #TradFi #链上美股 #MUU
Where do you think this assessment is most likely to be wrong?