$MVLL dropped 3.4%, funding rate -0.0106%, and shorts are paying to hold positions. Political-category contracts amplify sentiment due to policy noise; the decline plus negative funding suggests a bearish consensus is already spreading. With OI still at 181,000 and liquidity not thin, continuing to chase shorts isn’t worthwhile. Shorts are crowded enough that they have to pay to maintain their positions, and a squeeze in the opposite direction could come at any time. I won’t act until the price recovers before 24.38; if funding turns positive and the price continues to move down, I’ll consider adding shorts.

Trading tag: #TradFi #链上美股 #MVLL

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