TSLA yesterday single-day -6.56%, the price closed at 395.67, with trading volume at the $1.5 billion level. Liquidity hasn’t retreated. But the real anomaly behind this bearish candle is on the derivatives side: the funding rate is 0.00000000, and open interest stays around 40,000 contracts. Both longs and shorts aren’t adding positions or retreating, as if they’re deliberately leaving blank space.
Zero funding rates on TSLA rarely show up after a move of this kind of decline. Looking back at the rally in January driven by the Trump policy tailwind: after the market digested an 18% bullish candle in a single day, the funding rate was quickly pushed back positive. Then longs chased higher and shorts struck back—followed immediately by the liquidation of a 2,500-contract long position. This time the direction is opposite and the drop isn’t small, yet the futures/options market shows absolutely no stress response: the funding rate lies flat and positions don’t move. This doesn’t look like “betting on direction”; it looks more like the whole market is waiting for some anchor point to land before daring to re-enter trades.
From within the Trump-trade logic, the narrative of tariffs and the reshoring of manufacturing is naturally bullish for TSLA—I haven’t changed that. But today’s kind of neutral silence forces me to re-examine the pricing progress. The post-election frenzy pushed TSLA from around 330 straight to 488; now back to 395, the premium has essentially been washed out.
Trading tag: #TradFi #链上美股 #TSLA #LCID
Is Trump’s move a positive or negative for TSLA?
Zero funding rates on TSLA rarely show up after a move of this kind of decline. Looking back at the rally in January driven by the Trump policy tailwind: after the market digested an 18% bullish candle in a single day, the funding rate was quickly pushed back positive. Then longs chased higher and shorts struck back—followed immediately by the liquidation of a 2,500-contract long position. This time the direction is opposite and the drop isn’t small, yet the futures/options market shows absolutely no stress response: the funding rate lies flat and positions don’t move. This doesn’t look like “betting on direction”; it looks more like the whole market is waiting for some anchor point to land before daring to re-enter trades.
From within the Trump-trade logic, the narrative of tariffs and the reshoring of manufacturing is naturally bullish for TSLA—I haven’t changed that. But today’s kind of neutral silence forces me to re-examine the pricing progress. The post-election frenzy pushed TSLA from around 330 straight to 488; now back to 395, the premium has essentially been washed out.
Trading tag: #TradFi #链上美股 #TSLA #LCID
Is Trump’s move a positive or negative for TSLA?