This order book ($COHR ) is what concerns me most. What I’m paying attention to isn’t the +7.12% move, but the funding rate being only +0.0183%.
Honestly, if the momentum was that hot, the funding rate would already be getting wildly inflated.
Right now it feels like someone is taking it seriously and participating—but not to the point where it’s full-on frenzy.
I just got off work and took the subway back to Tian Tong Yuan, and when I saw it, my first reaction was: this doesn’t feel as crowded as I expected.
Looking at the positions, 30,645 lots isn’t small, and the 24-hour trading volume is also 18.32M USDT.
The price moved from $282.46 up to a high of $309.09, which suggests it’s not that nobody believes—it’s that there’s actually capital willing to chase.
But the funding rate hasn’t spun out of control. That contrast is pretty interesting.
This kind of divergence usually makes me want to look a bit longer than a simple, straight-up surge, because it shows market interest is heating up—but it’s not yet at the stage of “whoever moves slow gets stuck holding the last baton.”
I’m slightly bullish on $COHR , and there’s also a very practical reason.
Names that can get listed on Binance’s TradFi board and also have US stock perpetuals attached tend to naturally attract attention from both sides.
One side is the traditional stock-market expectations; the other is the faster sentiment and leverage expression from the on-chain side.
As long as the sector narrative hasn’t broken down, these picks are often easier to get repeatedly traded than ordinary stocks.
I can’t claim to know the exact business details of Coherent, but from what I understand, it’s not really the kind of tiny “tell a story” stock—it’s more in the direction of “bottom-layer support” within the tech industry chain.
These companies don’t always steal the spotlight day to day. But once the market starts re-trading hard tech, manufacturing capabilities, and upstream positioning, their upside is easier to notice again.
My current feeling is that it doesn’t look like a name that’s finished after one big green candle.
Of course, don’t get too carried away.
It’s already pulled up a lot from the low today. The current price is $306.56, not far from the intraday high. If you chase in here, you’ll likely run into chop. And if the US equities side doesn’t keep up, then the heat on the perpetual side may cool down too.
So I’m bullish, but I’m more inclined to wait for a pullback to observe the follow-through rather than seeing red and rushing in.
The market is changing—what’s true today might not be true tomorrow. $COHR #US stocks
Honestly, if the momentum was that hot, the funding rate would already be getting wildly inflated.
Right now it feels like someone is taking it seriously and participating—but not to the point where it’s full-on frenzy.
I just got off work and took the subway back to Tian Tong Yuan, and when I saw it, my first reaction was: this doesn’t feel as crowded as I expected.
Looking at the positions, 30,645 lots isn’t small, and the 24-hour trading volume is also 18.32M USDT.
The price moved from $282.46 up to a high of $309.09, which suggests it’s not that nobody believes—it’s that there’s actually capital willing to chase.
But the funding rate hasn’t spun out of control. That contrast is pretty interesting.
This kind of divergence usually makes me want to look a bit longer than a simple, straight-up surge, because it shows market interest is heating up—but it’s not yet at the stage of “whoever moves slow gets stuck holding the last baton.”
I’m slightly bullish on $COHR , and there’s also a very practical reason.
Names that can get listed on Binance’s TradFi board and also have US stock perpetuals attached tend to naturally attract attention from both sides.
One side is the traditional stock-market expectations; the other is the faster sentiment and leverage expression from the on-chain side.
As long as the sector narrative hasn’t broken down, these picks are often easier to get repeatedly traded than ordinary stocks.
I can’t claim to know the exact business details of Coherent, but from what I understand, it’s not really the kind of tiny “tell a story” stock—it’s more in the direction of “bottom-layer support” within the tech industry chain.
These companies don’t always steal the spotlight day to day. But once the market starts re-trading hard tech, manufacturing capabilities, and upstream positioning, their upside is easier to notice again.
My current feeling is that it doesn’t look like a name that’s finished after one big green candle.
Of course, don’t get too carried away.
It’s already pulled up a lot from the low today. The current price is $306.56, not far from the intraday high. If you chase in here, you’ll likely run into chop. And if the US equities side doesn’t keep up, then the heat on the perpetual side may cool down too.
So I’m bullish, but I’m more inclined to wait for a pullback to observe the follow-through rather than seeing red and rushing in.
The market is changing—what’s true today might not be true tomorrow. $COHR #US stocks