$ARM fell 4.964% over the past 24 hours to 233.17, but the funding rate is still holding at a positive level of 0.00002737. Trump’s policy wavering continues to suppress risk appetite in the tech sector, and on-chain U.S. stock contracts are the first to take the hit.
The price drop combined with a positive funding rate creates a classic structure for long positions getting trapped. Longs must keep paying shorts to maintain their positions; this accumulating cost can accelerate liquidations. Open interest of 59963.44 suggests that positioning is not low—once price breaks below a key level, the panic selling could intensify.
My view is short-term bearish. The key is that the long-side cost pressure is turning into passive selling. If price rebounds and breaks above 235, this logic would be invalid. I would look to short near the current price, with a stop-loss set above 235.
Trading tag: #TradFi #链上美股 #ARM
Where do you think this outlook is most likely to be wrong?
The price drop combined with a positive funding rate creates a classic structure for long positions getting trapped. Longs must keep paying shorts to maintain their positions; this accumulating cost can accelerate liquidations. Open interest of 59963.44 suggests that positioning is not low—once price breaks below a key level, the panic selling could intensify.
My view is short-term bearish. The key is that the long-side cost pressure is turning into passive selling. If price rebounds and breaks above 235, this logic would be invalid. I would look to short near the current price, with a stop-loss set above 235.
Trading tag: #TradFi #链上美股 #ARM
Where do you think this outlook is most likely to be wrong?