CNN single-source said global bond market is being smashed. On the BABA side, it’s down 2.918% over the past 24 hours to 116.10, funding -0.00154, and shorts are paying while holding positions (or “carrying inventory”). Without any geopolitical headline to hit it directly, it’s just that risk-off funds treat it as a risk asset and dump it together. My view is that chasing shorts here is the dumbest thing—further declines coupled with negative funding indicate shorts are crowded into one spot; anyone adding to shorts now is basically paying for the people in front. When sentiment in the bond market cools off, this kind of contract is prone to a short squeeze.

Trading tag: #TradFi #链上美股 #BABA

Where do you think this set of assumptions is most likely to be wrong?