$GDX contract is now at 98.34, down 2.884% over the past 24 hours. The funding rate is still 0.00057235, positive. Price is falling, and longs are still paying fees—meaning positions haven’t been closed, they’re just holding on.
On a macro level, there’s no verifiable new variable. I won’t get into the dollar and interest rates. Just looking at this funding structure, I tend to believe this is a slow grind down rather than a clearing. If the funding rate turns negative and the price goes back above 98.34, then I’ll consider a rebound action. Chasing longs now isn’t meaningful—while the funding rate is positive, costs are being charged every day.
Trading tag: #TradFi #链上美股 #GDX
Where do you think this assessment is most likely to be wrong?
On a macro level, there’s no verifiable new variable. I won’t get into the dollar and interest rates. Just looking at this funding structure, I tend to believe this is a slow grind down rather than a clearing. If the funding rate turns negative and the price goes back above 98.34, then I’ll consider a rebound action. Chasing longs now isn’t meaningful—while the funding rate is positive, costs are being charged every day.
Trading tag: #TradFi #链上美股 #GDX
Where do you think this assessment is most likely to be wrong?