$SOXL current price 119.82, up 1.345% in 24h; trading volume 60.36 million. Funding rate is 0, and the open interest is 0.8396 million. It’s up but the funding is zero—meaning the long side of the contract isn’t paying the premium, and the shorts aren’t being squeezed either. The order book is mainly driven by spot price transmission. I’m bullish, but I only trade the right-hand side. If the funding rate turns positive and the price holds above 119.82, I’ll place the smallest long order; if the price breaks below 119.82, I won’t touch anything. This rally isn’t strong enough yet—the contract leverage is still waiting for a signal.

Trading tag: #TradFi #链上美股 #SOXL

Where do you think this assessment is most likely to be wrong?