NBIS current price is 197.1, down 5.16% over the past 24 hours, but the funding rate remains positive at 0.00028. During the decline, the funding rate is still positive—this is unusual and typically suggests that longs are paying to hold positions rather than shorts actively driving the sell-off. This signals long-side liquidation, not a system-wide drop caused by macro bearish factors.
The strongest counterargument is that if the funding rate turns negative, it would mean shorts have truly taken control and the current assessment would no longer hold. Currently, open interest at 109,900 has not shrunk significantly, but with the funding rate staying positive, long positions’ holding costs are increasing.
Don’t touch.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this thesis is most likely to be wrong?
The strongest counterargument is that if the funding rate turns negative, it would mean shorts have truly taken control and the current assessment would no longer hold. Currently, open interest at 109,900 has not shrunk significantly, but with the funding rate staying positive, long positions’ holding costs are increasing.
Don’t touch.
Trading tag: #TradFi #链上美股 #NBIS
Where do you think this thesis is most likely to be wrong?