$AXTI spot quote 72.65, down 14.378% over the past 24 hours; funding rate is 0.00067729; open interest is 115842.07.

Price drop matched with funding/rollover costs: longs are still trapped and paying.
If the Trump headline amplifies policy swings, on-chain US stock futures contracts may kill crowded positions first—I won’t catch a falling knife.

Taking a wait-and-see stance on direction. Key level: 72.65; only if it holds above will it tilt bullish.
Spot positions: place small, batch-wise DCA orders around 72.65.

Trading tag: #TradFi #链上美股 #AXTI

Is this Trump card bullish or bearish for AXTI?