$AGPU 24 hours up 7.1%, funding rate hits zero. Political and military uncertainties are rising—if this trade can still hold, that’s pretty tough. A funding rate of 0 means neither long nor short is paying anyone right now; in a balanced market, prices move upward, which is basically longs pushing for free. The counterargument is that if geopolitical tensions escalate, funding could flee to traditional safe havens, and on-chain US stock futures contracts might get “skimmed.” But next, if the conflict doesn’t escalate, long positions will keep adding until the funding rate turns positive or the price pulls back. Invalidation condition: if it breaks below $13, this thesis is invalid. Hold for now—if it breaks below $13, exit.

Trading tag: #TradFi #链上美股 #AGPU

Where do you think this outlook is most likely to be wrong?