The 10-year U.S. Treasury yield has risen to 4.79%, while the federal funds rate remains at 3.75%. Against this macro backdrop, $TEM is up 4.077% over the past 24 hours; its current price is 65.09. The funding rate is 0, and the open interest is 1451.42. While rising yields typically weigh on risk assets, the leverage sentiment in on-chain U.S. stock derivatives is unusually calm.
This is the core contradiction I’m observing: risk-free rates are being drained, but the $TEM position cost is zero, and overall positioning is light. If you look at it in terms of a single signal, the rally hasn’t been accompanied by funding-rate accumulation—it doesn’t look like leveraged longs are driving it.
Trading tag: #TradFi #链上美股 #TEM
Where do you think this assessment is most likely to be wrong?
This is the core contradiction I’m observing: risk-free rates are being drained, but the $TEM position cost is zero, and overall positioning is light. If you look at it in terms of a single signal, the rally hasn’t been accompanied by funding-rate accumulation—it doesn’t look like leveraged longs are driving it.
Trading tag: #TradFi #链上美股 #TEM
Where do you think this assessment is most likely to be wrong?