$ORCL In the past 24 hours, it has dropped nearly 6%, with the current price at 140.55. But the funding rate is zero—this is an interesting signal.
Price declines are usually accompanied by stronger short-side forces, which should push the funding rate lower. The fact that the rate stays neutral suggests that longs are not paying fees to shorts, meaning the near-term bearish consensus is not strong enough for shorts to receive compensation through the funding rate. This selling pressure may be coming from spot sellers or long-term holders, rather than being driven by the derivatives short side.
Next, we need to watch changes in trading volume.
Trade tag: #TradFi #链上美股 #ORCL
Where do you think this interpretation is most likely to be wrong?
Price declines are usually accompanied by stronger short-side forces, which should push the funding rate lower. The fact that the rate stays neutral suggests that longs are not paying fees to shorts, meaning the near-term bearish consensus is not strong enough for shorts to receive compensation through the funding rate. This selling pressure may be coming from spot sellers or long-term holders, rather than being driven by the derivatives short side.
Next, we need to watch changes in trading volume.
Trade tag: #TradFi #链上美股 #ORCL
Where do you think this interpretation is most likely to be wrong?