$TER Today down 1%, 358.85. Funding rate is perfectly zero/flat, and OI is only 484k. This kind of cold equilibrium on TradFi perps is extremely rare.

Zero fees mean neither side paid anything, but low OI indicates both sides are waiting. I’ve seen a similar setup in 2024. When liquidity gets pulled away, the direction breaks straight through. This isn’t a crowded battlefield—it’s a poker table nobody’s playing.

I’m not building a position in there. I’ll wait for OI to double or for funding to skew toward ±0.001 before considering it.

Trading tag: #TradFi #链上美股 #TER

Do the KOL’s views match your assessment?