$SNXX 24H fell 3.84%, with the funding rate staying positive at 0.0397%. Trading volume broke 100 million; prices are under pressure, yet OI remains steady around 356,000 and hasn’t contracted in sync. This is a typical long-heavy holding structure. With positive funding, price drifts downward; longs keep paying funding fees while continuing to lose money. Such a structure is prone to trigger accelerated liquidation after getting stuck at a high funding-rate level. At the current price, I won’t chase shorts—I’ll wait for the price to rebound above 13.5 and for the funding rate to.

Trading tag: #TradFi #链上美股 #SNXX

SNXX—do you think this funding rate is reasonable?