$FLEX 24 hours saw a 3.74% drop, while the funding rate remained at zero. The price retraced, but the shorts didn’t actively open new positions. The funding rate stayed unchanged—indicating the downside isn’t being driven by shorts. It looks more like longs are actively withdrawing or cutting losses, leading to a cooling-off. The open interest at 2806.48 is relatively stable, further confirming this. In this kind of microstructure, any rebound lacks new capital to drive it. If the price continues to face pressure at 108 and the funding rate still shows no negative change, I won’t touch it again.

Trading tag: #TradFi #链上美股 #FLEX

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