$MVLL rose 8.693% over the past 24 hours, with the contract funding rate precisely returning to zero. In the absence of specific news catalysts, this increase may mainly be driven by spot buying or by tentative positioning from new long participants in the futures market.
With the funding rate flat at zero, it indicates that the leverage power of longs and shorts is temporarily balanced, and there are no crowded signals of chasing rallies or forcing shorts. However, as the price moved higher, the open interest rose to 83,496 lots, suggesting there is new capital flowing into this underlying rather than a battle between existing positions.
The current structure looks more like a mild uptrend pushed by the spot market, while the futures side has not yet formed a consistent consensus.
Trading tag: #TradFi #链上美股 #MVLL
Where do you think this assessment is most likely to be wrong?
With the funding rate flat at zero, it indicates that the leverage power of longs and shorts is temporarily balanced, and there are no crowded signals of chasing rallies or forcing shorts. However, as the price moved higher, the open interest rose to 83,496 lots, suggesting there is new capital flowing into this underlying rather than a battle between existing positions.
The current structure looks more like a mild uptrend pushed by the spot market, while the futures side has not yet formed a consistent consensus.
Trading tag: #TradFi #链上美股 #MVLL
Where do you think this assessment is most likely to be wrong?