$BOT price 25.89, 24h down 3.43%, funding rate -0.00000984. As the conflict in the Middle East escalates, oil prices surge and risk-off sentiment drags down on-chain US stock futures contracts; $BOT , as an equity perp, is hit first. Shorts are crowded and may have to pay longs; chasing shorts from this level carries extremely high risk. The negative funding rate indicates that selling pressure has become excessive. If the conflict eases and oil prices pull back, short-covering could quickly drive the price higher.

Trading tag: #TradFi #链上美股 #BOT

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