$SHOP 24 hours drops 5.231%, funding rate stuck at 0.00097813, longs are still paying. This data is pretty eye-catching in on-chain US stock futures contracts—price is falling but funding is positive, a typical long-side trapped-and-adding position pattern. Open interest is 840.70. I don’t know how to compare size since I don’t have units, but the funding direction has an ironclad rule: positive funding means the long side is crowded, and liquidation risk piles upward.

I think the short-term structural risk is high. The trigger condition is price breaking below 139.51; I’ll clear out everything immediately.

Trade tag: #BinanceFutures #TradFi #USDⓈM #SHOP #SHOPUSDT $SHOP