$GLW 24 hours up 6.145%, funding rate 0.0004. With the price moving upward, the long-side pays a fee structure at the same time—typical of crowded longs accumulating costs.
Within a window of political uncertainty, this kind of positive funding rate at elevated levels is prone to reversal. The current price is 162.37. If macro sentiment turns, chase-buying capital will be the first to be hit.
The longs are holding positions and paying, but open interest at 65994 has not clearly withdrawn. My view is a false breakout. The invalidation condition is when the funding rate turns negative or the price holds above 165. Try a small short position; if it breaks below the previous high at 155, consider adding.
Trading tag: #TradFi #链上美股 #GLW
Where do you think this set of assumptions is most likely to be wrong?
Within a window of political uncertainty, this kind of positive funding rate at elevated levels is prone to reversal. The current price is 162.37. If macro sentiment turns, chase-buying capital will be the first to be hit.
The longs are holding positions and paying, but open interest at 65994 has not clearly withdrawn. My view is a false breakout. The invalidation condition is when the funding rate turns negative or the price holds above 165. Try a small short position; if it breaks below the previous high at 155, consider adding.
Trading tag: #TradFi #链上美股 #GLW
Where do you think this set of assumptions is most likely to be wrong?